Newsletter #37

This week in Forta! Introducing fees, the next phase of the Forta Network. The community puts forward two Premium Feeds for evaluation. Forta flagged the scammer that hacked Uniswap’s founder Twitter account, two months before it happened. Forta’s community bounties continue to produce innovative threat intelligence.

Introducing fees, the next phase of the Forta Network. On August 8th, Forta will introduce fees: users will  pay for the bots they consume and 100% of revenue will be distributed to bot developers. Two subscription types will be available initially: the General plan and Premium Feeds. Almost all of the 1,000+ bots on the network will be available under the General subscription plan. Developers with bots in the General Plan will receive all of the General Plan’s revenue, based on their bot’s subscriber count. A handful of bots deemed “high value” by the community will be available under Premium Premium, with pricing set by the bot’s owner offering developers an opportunity for recurring revenue. This is a major milestone for the Forta Network and community, as developer incentives represent a necessary component of a sustainable and decentralized Forta Network.

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The community puts forward two Premium Feeds for evaluation. Two detection bots have been submitted as proposals to becomePremium Feeds. The first, built by the Forta Foundation, Blocksec and Nethermind, is the Scam Detector. This bot is able to detect scammers across 15+ techniques and is already a critical piece of infrastructure used by projects to protect users from harm. The second bot, built by Artem Kovalchuk, Forta community developer, is the Spam Detector, able to detect spam tokens. This feed allows wallets and NFT marketplaces to cut through the noise and improve user experience.

Forta flagged the scammer that hacked Uniswap’s founder Twitter account, two months before it happened. Last week, Uniswap’s founder was hacked and his Twitter account was used to spread phishing links for a fake $UNI airdrop. Fascinatingly, the deployer of the contract was flagged by Forta’s Scam Detector back in May and the contract was also labeled as a scammer at the same time. Current solutions don’t make protecting your wallet easy, unless you use a wallet powered by Forta threat intelligence.

Forta’s community bounties continue to produce innovative threat intelligence. Recently, pseudoanonymous Forta community developer Soptq deployed a Forta detection bot to alert on ALL anomalies in a chain-agnostic and contract-agnostic fashion firing over a million times per day. The bot indexes all function calls & emitted events (both internal and external), and then uses them to continuously train different ECOD detectors for different contracts. Additionally, a $3,000 Forta community bounty is currently live for a contract evasion bot that detects specific evasion techniques.

Forta Around the Web

- Watch Forta’s Andy Beal at EthCC
- A deep dive into the NFT wash trading phenomenon
- Deterring the coming scourge of Worldcoin scams
- The sleepdrop rabbit hole goes deeper…

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