Web3 Antivirus, an advanced web3 security solution
Return

Web3 Antivirus

Advanced web3 security solution

About the client

Web3 Antivirus is a security startup aiming to establish a safe environment for the global web3 community by shielding users from fraudulent activities and scams.

Details

PixelPlex has redefined industry security standards with an advanced web3 tool that safeguards users from scams, including malicious transactions, dangerous smart contracts, and honeypots.

Team

  • Blockchain developer
  • White hat hacker 2
  • Frontend developer2
  • Backend developer
  • DevSecOps
  • ML engineer
  • Data scientist
  • Project manager
  • Business analyst
  • QA engineer2
  • UX/UI designer

Business opportunity

As web3 continues to gain traction and offer innovative opportunities for users and businesses alike, scammers are coming up with numerous schemes to steal users’ assets.

The Web3 Antivirus team has conducted thorough market research, uncovering the enormous scale of scams within the web3 ecosystem:

Target audience

85 million users of crypto wallets (2022) are at risk of being scammed or stolen from.
The chart of Web3 Antivirus target audience

Pain point №1

$3.9B worth of crypto assets lost to fraud in 2022.
The first pain point that Web3 Antivirus solves

Pain point №2

60% of NFT transactions in 2022 were wash trades.
The second pain point that Web3 Antivirus solves

Target audience

85 million users of crypto wallets (2022) are at risk of being scammed or stolen from.
The chart of Web3 Antivirus target audience

Pain point №1

$3.9B worth of crypto assets lost to fraud in 2022.
The first pain point that Web3 Antivirus solves

Pain point №2

60% of NFT transactions in 2022 were wash trades.
The second pain point that Web3 Antivirus solves
That’s where the idea of Web3 Antivirus came from: the crypto community is in great need of a reliable and robust security solution.
quotes

Web3 Antivirus originated after we witnessed multiple cases of clients and friends losing millions of dollars to crypto scams. Our primary motivation for creating W3A is to ensure that users can feel secure and confident while browsing and conducting transactions in the web3 ecosystem.

Alex Dulub, the founder of Web3 Antivirus

Alex Dulub

Founder of Web3 Antivirus

Project goals

To bring their idea to life and ensure flawless technical realization, the client reached out to PixelPlex and our team of seasoned blockchain developers.

Together, we outlined the core goals of the Web3 Antivirus project:

  • 1

    Build a robust security solution that will allow users to conduct safe transactions and interact with others in the web3 space

  • 2

    Create an ML algorithm able to instantly detect fraudulent activity and dangerous websites

  • 3

    Provide multi-browser and multi-chain support

  • 4

    Allow for intuitive navigation through the solution components and ensure easy-to-understand reporting

Solution

With these goals in mind, PixelPlex built Web3 Antivirus (W3A), an ML-powered browser extension that helps users explore and operate in the web3 space with full confidence by detecting crypto-related scams and suspicious activities.

The blockchain already under Web3 Antivirus protection is Ethereum, with Polygon, Arbitrum and BNB coming next.

Eth logoprotected.
Polygon logo,Arbitrum logo,Bnb logocoming soon.
Top-tier protection should be available for everyone, so our team ensured W3A compatibility with the most popular browsers:

Need assistance in turning your blockchain idea into reality?

Details

Smart contract analysis

Web3 Antivirus thoroughly examines smart contracts that users interact with. It conducts static analyses, inspects the execution logic, searches for suspicious methods and deviations from commonly accepted standards.
Users are promptly notified about any potential risks, harmful logic, vulnerabilities, or compromising permissions. Additionally, they have the option to manually input a contract address for verification.
Some of the smart contract risks detected by the extension include:
  • Malicious code patterns and methods
  • Metamorphic code
  • Dangerous signing requests
  • Honeypot scams
  • Self-destruction
  • Pausable contracts
  • Burnable tokens
  • Trading cooldown
  • High sale taxes
Moreover, W3A's risk scoring framework takes into account third-party audits when identifying smart contract risk coefficients.
The interface of technical risks after smart contract analysis

Transaction simulation

Web3 Antivirus performs real-time transaction simulations to reveal issues that may arise if users proceed with the transaction. This way, users can discover potential risks, vulnerabilities, or transaction side effects without compromising their assets or wallets. Simulations also help detect dangerous or fraudulent assets, like honeypots, before users buy them.
To execute the simulation, W3A runs the transaction in the dedicated testnet and analyzes the whole chain of smart contracts behind a transaction. The outcome is presented to users in the form of an easy-to-understand chart.
The interface of transaction simulation

Token analysis

W3A users can access detailed information about token characteristics, including token type, creation date, maximum and circulation supply, price, and contract address.
Additionally, the solution performs extensive analysis of NFTs, identifying risks like wash trading, missed royalty payments, IP infringements, and suspicious previous owners. It also provides financial and historical metrics through a unique 12TB data layer.
For a more comfortable experience, Web3 Antivirus shows the fiat equivalent of a token’s price. This way, users don’t have to convert the prices themselves.

Fair price

When a user places a bid to purchase an NFT, W3A's machine learning module calculates a fair price for the token, considering its previous sales and involvement in wash trading. This feature safeguards users from price manipulations, ensuring they don't overpay for the asset.
The interface of token analysis

Risk reporting

The solution provides detailed risk reporting to help users see what dangers they may encounter.
W3A reports are color-coded for easy understanding: high risks are indicated by red, medium by yellow, and low by green. Each report features a list of detected threats and an explanation of how exactly each risk can affect user assets.
The interface of risk reporting

Website analysis

To ensure websites pose no threat, Web3 Antivirus verifies their domain names against carefully curated blocklists and allowlists using AI-powered similarity validation. This helps detect typosquatting, phishing attacks, and brand impersonation, further enhancing user security.

The interface of phishing website warning

Trust us to make your web3 projects secure from potential threats.

Personal dashboard

With Dashboard, users can access comprehensive statistics of their web3 activity and monitor any wallet of their choice, whether it's their own or owned by other users. This way, the dashboard empowers users to take full control of their wallets and assets and make well-considered decisions on asset management.

    The interface of token approvals on the dashboard

    Token approvals

    Displays all the token approvals a user has granted to dApps and provides recommendations on whether to revoke them.
    Graphic of wallet health on the dashboard

    Wallet health

    Displays the total value of wallet's holdings and the value of assets at risk. It also evaluates the security level of a wallet and determines if a user paid a fair price for their token portfolio.
    The interface of transaction analysis history on the dashboard

    Transactions analysis

    Displays vital details of all transactions made by an address: dates, assets sent and received, recipient information, websites, and transaction risk scores.
    The interface of phishing alert history and frequently used dApps on the dashboard

    Your activity

    Contains an overview of recent activity in web3 based on the unique ID assigned to users by W3A. The blockchain-section includes the latest transactions, phishing alerts, frequently used dApps, and the connected wallet version.
The interface of token approvals on the dashboard

Token approvals

Displays all the token approvals a user has granted to dApps and provides recommendations on whether to revoke them.
Graphic of wallet health on the dashboard

Wallet health

Displays the total value of wallet's holdings and the value of assets at risk. It also evaluates the security level of a wallet and determines if a user paid a fair price for their token portfolio.
The interface of transaction analysis history on the dashboard

Transactions analysis

Displays vital details of all transactions made by an address: dates, assets sent and received, recipient information, websites, and transaction risk scores.
The interface of phishing alert history and frequently used dApps on the dashboard

Your activity

Contains an overview of recent activity in web3 based on the unique ID assigned to users by W3A. The blockchain-section includes the latest transactions, phishing alerts, frequently used dApps, and the connected wallet version.

Technologies & tools

  • Node.js
  • C++
  • Go
  • React
  • TypeScript
  • Storybook
  • Jest
  • Puppeteer

Project features

  • A green icon of two linked squares
    ML-powered risk detection model
  • A green icon of two arrows
    Insightful transaction simulation
  • A green icon of a shield
    Protection from the most sophisticated kinds of crypto scams
  • A green icon of a pile of tokens
    Comprehensive token analysis
  • A green icon of boxes with a checkmark
    Custom blocklists and allowlists
  • A green icon of multi-windowing
    Multi-browser and multi-blockchain support

Results

*As of May 29, 2023

  • 9,000+

    users under W3A protection

  • 677,643

    harmful websites blocklisted

  • 19,303

    user transactions analyzed