12 May 2022

A Vision For The Next Generation Of The World Wide Web

When Tim Berners-Lee and colleagues developed upon the work started by ARPANET with TCP/IP, they gave us back in 1990 the basis of the modern internet that we see today. As with all life-changing technologies, this was developed further, and by 1999, “Web 2.0” was a term that was becoming

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11 May 2022

NFTs: Functional Innovation or Cyber Weapons of Mass Destruction?

While the culture and buzz surrounding Web3 can be overwrought, it’s more than hype: after all, the concept has won enthusiastic support from Silicon Valley giants and venture firms alike. Unfortunately, there is a darker side to the technology, that has been overlooked, especially when it comes to Web3’s novel

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04 May 2022

The Rise Of Web3: What Cybersecurity Concerns Should We Look Out For?

Web3 is the kitschy term that refers to the next iteration of our internet—including cryptocurrencies, decentralized networks, the blockchain and more. While for many people the concept of Web3 seems a futuristic, light-years-away idea, the truth is that it’s much more impending than we think, with many elements already firmly

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28 Apr 2022

How To Secure A Metaverse

Many are wondering about the metaverse and speculating whether it is a hard trend or a soft trend. Questions abound — what it will look like, what will its impact on us be, and how will it interact with our daily lives. At the root of the metaverse concept, physical

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27 Apr 2022

Tearing Up The Rulebook: Blockchain And Crypto Adoption Risks

There is no doubt that the history of blockchain and cryptocurrencies has been checkered, as major events, such as the 2013 shutdown of Silk Road, 2014’s Mt. Gox closure, the 2017 disappearance of Ruja Ignatova and the 2020 Telegram ICO fine and SEC settlement, have shown. The birth of the

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15 Apr 2022

Web 3.0 and its Cybersecurity Implications

In the early 2000s, Web 2.0 ushered in a new era of user-generated content with interactive websites and web applications. Data breaches, input validation attacks and social engineering defined the cybersecurity risk landscape of Web 2.0. With advances in artificial intelligence and machine learning accelerating at a breathtaking pace, the transition

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14 Apr 2022

Explaining crypto’s billion-dollar bridge problem

On March 23rd, the Ronin blockchain network underlying the popular NFT-driven game Axie Infinity was hit with a hack that saw the attackers walk away with an eye-popping $625 million in cryptocurrency. The Ronin hack was the largest amount of money that had ever been stolen from the type of service

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01 Apr 2022

Citi Sees Metaverse Economy as Large as $13T by 2030

Citi is the latest Wall Street player to issue a bullish forecast for web3 and the metaverse, which describe a future vision for the internet built around decentralized technologies and virtual worlds. The metaverse economy could be an $8 trillion to $13 trillion total addressable market by 2030, Citi said in

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31 Mar 2022

Web3 Security: How to Reduce Your Cyber Risk

OODA has a deep heritage in red teaming enterprise and advanced technologies. In cybersecurity, a Red Team is a group of experienced professionals authorized and organized to test a system using realistic methods of a real adversary. The objective of a Red Team is to improve security by emulating the objectives and tactics of real-world attackers and then mitigating the attack surface and vulnerabilities revealed in the testing.

Web3 technologies would greatly benefit from red teaming. Seemingly great innovations get fielded without sufficient security controls, resulting in impactful incidents. How bad are these incidents? As of March 2022 Web3 incidents have resulted in over $61 Billion in losses since 2011. OODA recommends Web3 developers and projects focus Red Team efforts on six key areas:

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28 Feb 2022

The DAO is a major concept for 2022 and will disrupt many industries

The blockchain and cryptocurrency rave is not ending anytime soon. And as more people are being introduced to revolutionary technologies in the digital space, new improvements upon these technologies are also being introduced. In the last couple of years, the DeFi and NFT industries have experienced immense levels of growth

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