Forta Price

Forta is a decentralized security monitoring network for blockchain activity. Launched in 2021, FORT operates as a real-time threat detection system that uses AI and machine learning to identify suspicious activities and attacks across blockchain networks. Currently ranked #764 with a price of $0.06758, FORT has seen a -0.66% change in the last 24 hours. Forta token powers the network's economic model, where node operators stake FORT to run detection bots and validators. The project is backed by notable investors including Coinbase Ventures, Blockchain Capital, and a16z. With a market cap of $41.51M, FORT has a circulating supply of 614.27M FORT out of a maximum supply of 1B FORT. The 24-hour trading volume stands at $236.34K, with prices ranging between $0.0675 and $0.07099 during this period. Forta primarily focuses on cybersecurity and AI applications within the Ethereum and Polygon ecosystems.

Forta was created on August 31, 2021. It launched as a decentralized security monitoring network designed to detect threats and anomalies on blockchain networks in real-time. The FORT token serves as the native utility token of the platform, enabling network governance and incentivizing security detection activities. Since its creation, Forta has established itself as a notable project in the cybersecurity and AI & Big Data sectors within the blockchain ecosystem.

Forta was founded by a team of blockchain security experts and backed by notable venture capital firms. The project was launched in August 2021 with support from Coinbase Ventures, Blockchain Capital, a16z (Andreessen Horowitz), Placeholder Ventures, and Standard Crypto. The founding team created Forta as a decentralized security monitoring network designed to detect threats and anomalies on blockchain networks in real-time using AI and machine learning technology. The project operates on both Ethereum and Polygon ecosystems, focusing on cybersecurity solutions for Web3 applications.

Forta operates as a decentralized security monitoring network for blockchain systems. The FORT token powers this network through a work-detection mechanism where node operators stake tokens to run detection bots that scan blockchain transactions for security threats and anomalous activities. When these bots detect suspicious patterns, they alert the network and receive FORT rewards. Currently priced at $0.06758 with a -0.66% change over the last 24 hours, Forta has a market cap of $41.51M and a circulating supply of 614.27M FORT out of a maximum 1B FORT. The network leverages AI and big data technologies to provide real-time threat detection across multiple blockchains including Ethereum and Polygon ecosystems. Node operators, developers, and security teams collaborate within this ecosystem to strengthen blockchain security through continuous monitoring and threat intelligence sharing.

Forta operates on a decentralized network architecture designed for real-time threat detection in blockchain ecosystems. The technical foundation consists of: 1. Detection Bots: AI-powered agents that continuously scan blockchain transactions to identify security threats, anomalies, and exploits. 2. Node Network: A distributed system of nodes that run these detection bots, ensuring resilience and decentralization. 3. Multi-Chain Support: Native compatibility with Ethereum and Polygon blockchains, with cross-chain monitoring capabilities. 4. Consensus Mechanism: Uses a proof-of-stake variant where node operators stake FORT tokens to participate in the network. 5. Smart Contract Integration: Allows for automated responses to detected threats through programmable security protocols. The architecture leverages machine learning algorithms to improve threat detection accuracy over time. With a maximum supply of 1B FORT tokens, the system incentivizes security contributions through a tokenomic model that rewards detection bot developers and node operators for identifying legitimate threats.

Forta has a promising future focused on enhancing blockchain security through its decentralized threat detection network. The roadmap includes: • 2025: Expanding the detection bot ecosystem and improving machine learning capabilities for identifying sophisticated threats • 2026: Launching advanced cross-chain monitoring solutions and increasing network node participation • 2027: Implementing AI-powered predictive security features and deeper integration with major blockchain ecosystems With backing from notable investors like Coinbase Ventures, a16z, and Blockchain Capital, Forta aims to become the standard security layer for Web3. The project plans to utilize its remaining supply (currently at 582.8M of 1B FORT tokens) to incentivize network growth and security innovation. As blockchain adoption increases, Forta's focus on cybersecurity positions it well for potential growth in the evolving crypto landscape, particularly as DeFi and cross-chain applications expand.