Blockchain startup Mamori.xyz uses machine learning to tackle vulnerabilities in the web3 ecosystem

Mamori.xyz – Namecheap customer – (China)

Innovative developers are using .xyz domains to leverage AI and optimize their solutions. AI enhancement platform FractionAI.xyz explores the potential of human feedback. AI-enhanced software platform Covalent.xyz aims to ensure that complex workflows are executed with ease. AI-enhanced educational platform Learn.xyz is designed to make learning fun. In this week’s #AIMonday, we’ll introduce you to a startup aimed at enhancing security in the web3 ecosystem: Mamori.xyz.

Introducing Mamori: Leveraging AI to revolutionize blockchain security

Mamori.xyz is the online home of Mamori, a startup that uses machine learning to improve blockchain security. Machine learning, a subset of AI, involves the use of algorithms and statistical models to enable computers to perform tasks without explicit instructions, relying instead on patterns and inference. Mamori aims to find and fix vulnerabilities in the web3 ecosystem using advanced testing techniques and a mix of cutting-edge technologies. This approach helps address new, unexpected economic attacks and maximize extractable value (MEV). Mamori provides a solution designed to identify both technical and economic risks, thereby improving blockchain security. In July 2024, Mamori raised $5 million in seed funding, led by Blockchain Capital, with participation from Velocity.Capital and Web3.com.¹

Tackling web3 security challenges with advanced technology

Mamori’s technology addresses significant challenges in the web3 space, where cyber-attacks resulted in over $2.4 billion in losses in 2023. ²Mamori says that traditional auditing tools, which are based on historical data, often fall short in effectively securing this specific type of technology. ^{3 4}Mamori uses machine learning and advanced fuzzing techniques to proactively identify and mitigate vulnerabilities. Fuzzing is a software testing technique that involves inputting random or unexpected data into a program to discover security vulnerabilities and bugs. The startup aims to create a safer and more efficient blockchain ecosystem by combining smart contract auditing with value extraction capabilities. 

Leveraging interdisciplinary knowledge and swarm intelligence for enhanced web3 security

As highlighted on their blog, Mamori’s approach leverages interdisciplinary knowledge from web2, such as optimization algorithms and fuzzing logic, to enhance security in the web3 space. Their automated smart contract auditing tool uses an algorithmic parser to identify important functions and solve optimization problems to find the best sequences and parameters. Mamori’s algorithm is designed to find new ways to exploit vulnerabilities using swarm intelligence. Swarm intelligence, inspired by the behavior of social insects like ants, bees, and birds, involves simple agents working together to solve complex problems. Each agent follows simple rules and interacts with others, leading to the emergence of intelligent behavior as a group. This natural process of cooperation and coordination is mimicked in computer algorithms to solve difficult problems. Although it currently focuses on EVM-compatible chains, Mamori intends to expand to other virtual machines and develop a decentralized network to improve its value extraction capabilities.

The significance of Mamori.xyz’s domain choice

Mamori’s choice of .xyz reflects the startup’s focus on innovation and technology. The .xyz extension is known for its appeal to cutting-edge companies and tech-savvy audiences, making it a fitting choice for Mamori, which operates at the intersection of blockchain and machine learning. A domain name like Mamori.xyz aligns with Mamori’s mission to revolutionize web3 security and also underscores its commitment to leveraging advanced technologies to tackle complex challenges in the blockchain space. You can learn more about the company by following them on X/Twitter @mamori_xyz and by visiting Mamori.xyz.