Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
SAN JUAN, PUERTO RICO â February 17, 2018 â Decentralized IT security marketplace PolySwarm (www.polyswarm.io) today announced an investment from BlockTower Capital, a leading cryptocurrency investment firm. BlockTower Capital launched in August, raising $140 million from backers including Union Square Ventures LLC and Andreessen Horowitz to bring professional trading and portfolio management to emerging digital assets like PolySwarm. PolySwarm is the first marketplace where security experts are incentivized to detect threats and build anti-malware engines to protect consumers and enterprises.
âBlockTower Capitalâs support is a huge vote of confidence for PolySwarmâs mission to decentralize IT security through cryptocurrency-based incentives,â said Steve Bassi, CEO of PolySwarm. âWe look forward to building on this momentum as we prepare for our public token sale launching February 20.â
Todayâs antivirus and IT security market is dominated by single-vendor offerings that often miss emerging threats. PolySwarm incentivizes a global community of security experts to disrupt the $8.5 billion cyber threat intelligence industry, providing enterprises and consumers with unprecedented speed and accuracy in threat detection. By introducing a platform that encourages innovation and competition, the market will reward experts who are best able to protect users.
PolySwarmâs founders built the company out of Narf Industries, LLC, an information security firm that recently completed a blockchain-based identity management project for the Department of Homeland Security as well as cutting-edge information security projects for DARPA. PolySwarmâs advisory board includes former McAfee CIO Mark Tonnesen, alongside renowned information security and blockchain experts Dan Guido, Chris Eagle, Dr. Sergey Bratus, and Carl Hoffman.
The PolySwarm market runs on Nectar (âNCTâ), an ERC20-compatible utility token that makes it easy to submit and classify potential threats on the PolySwarm market. Nectar replaces traditional, outdated antivirus and threat-scanning subscription payments. The Nectar token sale begins February 20, 2018.
ABOUT POLYSWARM
PolySwarm is the first decentralized marketplace allowing security experts to build anti-malware engines that compete to protect you. PolySwarm incentivizes a global community of information security experts to
disrupt the $8.5 billion cyber threat intelligence industry, providing enterprises and consumers with unprecedented speed and accuracy in threat detection. The PolySwarm market runs on Nectar (NCT), an ERC20-compatible utility token. For more information, please visit https://polyswarm.io.
MEDIA CONTACT: polyswarm@transform.pr
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.