PRESS RELEASE. EverRise, a leading web3 security and infrastructure platform, has released EverRevoke. The newest addition to the EverRise Ecosystem is a utility to review and revoke token and NFT approvals from a single place across multiple blockchains. EverRevoke supports five blockchains: Ethereum, BNB Chain, Polygon, Avalanche, and Fantom.
Token approvals are an often overlooked vulnerability in decentralized finance. EverRise developed EverRevoke not only to provide a solution to revoking active permissions but also to bring awareness to the potential problem. With DeFi and web3 gaining more adoption, security must be at the forefront to give users assurance that their assets are protected. EverRise believes credible tools must be readily available.
“The token revoking tools currently available aren’t the most reliable and don’t provide users with an easy way to navigate what is in their wallet. EverRevoke provides them with the information they need to know to make an informed decision when it comes to wallet security.” – Suresh Maddineni, CEO and Founder EverRise
EverRevoke brings simplicity to revoking approvals and provides you with the information you need to know to sort through your digital assets. For tokens, you can now verify tokens via block explorer in addition to sites like CoinGecko and CoinMarketCap. For NFTs, you can easily access the smart contract via block explorer, see the token id, and what platforms you have given approval to.
The new utility has already seen adoption to protect users in the space. Humanoids, SupDucks, and Sammy Arriaga have made EverRevoke the preferred platform to revoke token and NFT approvals for their popular NFT projects.
With EverRevoke, users can better control what protocols and platforms have access to their wallet. Providing access to your wallet is a requirement to participate in decentralized finance but the practice is so commonplace that bad actors are easily able to take advantage.
There have been numerous exploits taking advantage of token and NFT approvals. Hackers run malicious code to gain access to more wallets over a period of time, rather than immediately running their scam. It is best practice to revoke permissions that do not need to be active in order to limit outside access to a DeFi wallet.
EverRevoke is available to everyone that interacts with tokens and NFTs on Ethereum, BNB Chain, Polygon, Avalanche, and Fantom and is available at website URL.
EverRise is a web3 technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides users and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer 6 security dApps: EverBridge, EverOwn, EverMigrate, NFT Staking Lab, EverSwap and EverRevoke, with more on the way.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons