Beosin and Magnet Ventures Entered Into A Strategic Partnership

On December 2, Beosin signed a strategic partnership agreement with local Korean blockchain accelerator company Magnet Ventures. Through this agreement, Magnet Ventures will help Beosin enter the Korean market and provide strategic and ecosystem expansion and support.

As a local blockchain accelerator company in Korea, Magnet Ventures is known to have invested/incubated several outstanding global projects. It is not simply established as a Vehicle for parallel minority investment at the company builder holding company level. They defined the accelerator company itself as a market and jumped into this up with the confidence that the accelerator company itself could be a unicorn in this industry as well.

After the strategic cooperation, Beosin will spare no effort to provide professional and comprehensive security technical support for the Korean Web3 blockchain ecosystem. Before the project goes live, Beosin has developed the world's leading automatic formal verification tool for smart contracts, VaaS (Verification as a Service), whose tools have an automated detection accuracy of up to 97% and can automatically detect hundreds of security issues of smart contracts in one click. In the project operation stage, the company launched Beosin EagleEye security risk monitoring, warning and blocking platform, which can monitor the global Web3 blockchain ecological security situation in real time by 7*24 hours, as well as provide "attack blocking" function to maximize the security of your assets. The KYT/AML system, relying on billions of address tags and black address database for blockchain big data analysis technology and advanced AI technology, can help virtual asset service providers build KYT and continuous risk assessment capabilities.

The partnership between Beosin and Magnet Ventures aims to further expand the depth of their business and build the 'security' cornerstone of the Korean Web3 blockchain ecosystem. In the future, both companies will leverage the expertise of both companies to build a blockchain ecosystem together and achieve further cooperation.

About Beosin

Beosin is a Singapore based leading global blockchain security company co-founded by several professors from world-renowned universities. The team consists of 100+ security experts with 40+ PhDs. With the mission of "Securing Blockchain Ecosystem”, Beosin provides integrated blockchain security products and services to one million+ users in global blockchain ecosystem, including Smart Contract Audit, Blockchain Risk Monitoring & Alert, Crypto KYT&KYC, and Crypto Tracing.

About Magnet Ventures

Magnet Ventures is known to have invested/incubated several outstanding global projects. It is not simply established as a Vehicle for parallel minority investment at the company builder holding company level. They defined the accelerator company itself as a market and jumped into this up with the confidence that the accelerator company itself could be a unicorn in this industry as well. They thoroughly focus on the early stages (SEED).