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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25 Feb 2022

DAOs: Why are They Important to Web3?

Web3 is in the nascent stages but has seen strong interest from some of the world’s top investors like Sequoia Capital and Andreessen Horowitz. Just look at the funding of Alchemy, which is building an AWS-style platform for Web3. In early February, the startup raised $200 million at a valuation

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22 Feb 2022

The Important Difference Between Web3 And The Metaverse

Two terms that are generating a lot of hype and excitement in the world of business technology right now are Web3 (sometimes called web 3.0) and metaverse—judging by some of the coverage, you would be forgiven for thinking that they refer to the same thing. Actually, although they are related

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21 Feb 2022

Web3 might be crypto’s key to the mainstream market

2021 has been a significant year for crypto with no fungible token (NFT) being awarded word of the year, decentralized finance (DeFi) trending in the mainstream media and crypto companies making headlines for a variety of announcements. This is, no doubt, in part due to the effects that COVID-19 has

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18 Feb 2022

What Is Web3 and How Will it Work?

Even if you’re not into blockchain technology like Bitcoin and NFTs, you’ve probably heard about Web3 (or Web 3.0). Your tech-savvy friends might be telling you it’s the future, but the concept is a bit confusing. Is it the blockchain or cryptocurrency? Here’s what you need to know. Yahoo’s home page

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09 Feb 2022

Silicon Valley’s workforce is fleeing for crypto, Web3, recruiters say

Just a couple of years ago, landing a job at Uber or Twitter was like striking gold. And while that still may be the case for plenty of aspiring tech workers, another space is encroaching on Silicon Valley’s position as the hottest place to be: Web3. Eight tech recruiters told Insider that

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07 Feb 2022

Gas-free transactions will revolutionize Web3

Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely linked to this has been the issue of high gas fees, which continues to be a major pain point for newcomers to the Web3 space. When Web3 goes mainstream, these

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03 Feb 2022

Don’t believe the hype: Web3 is not going to change the world

Unless you’ve been living under a rock for the past few months, you will have undoubtedly heard of Web3. According to some VCs and founders, this radically updated internet will unlock a new era of human cooperation and creativity, and so on. The Web3 hype is just another reminder of

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25 Jan 2022

What Is Web3 All About? An Easy Explanation With Examples

First, there was web1 – aka the internet we all know and love. Then there was web2 – the user-generated web, heralded by the arrival of social media. Now, wherever we look, people are talking about web3 (or sometimes, web 3.0) – the supposed next big evolutionary leap forward of

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