Crypto wallet app ZenGo introduces Web3 firewall feature called ClearSign

Quick Take

  • ZenGo says ClearSign will help to protect users from signing malicious smart contract transactions.
  • ClearSign is already integrated on Collab.Land, the popular Discord bot that many NFT projects use to verify ownership.

Crypto wallet provider ZenGo has introduced a new feature, called ClearSign, that protects its users from the dangers of signing transactions from malicious smart contracts, the company announced on Wednesday.

According to ZenGo, ClearSign is designed to reduce the risk of users losing their non-fungible tokens (NFTs) and other crypto assets due to attack vectors like phishing scams and untrustworthy decentralized apps. NFT communities like Bored Ape Yacht Club (BAYC) have suffered several instances of their holders losing valuable NFTs to scammers via social engineering attacks.

The feature works by telling users the details of the transactions they are signing in a way that is easy to understand. ClearSign will also act as a firewall that blocks unwanted actions from untrustworthy decentralized Dapps, according to ZenGo’s announcement. 

The firewall will alert users to suspicious smart contracts and block the signing of transactions that would expose private keys or seed phrases.

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