Hiring pros to hunt bugs and secure your project is not even in the same universe as using AI to do it yourself.
That’s like building a “safe” house with almost no construction knowledge while ignoring the people who spend their lives making sure it won’t collapse on your head.
End of an era.
I've never had a front-row seat to a product going from 0 to 100 back to 0 before.
I still remember in 2022 when @sockdrawermoney said audit contests are a great thing for the Web3 space and that others should launch contest platforms.
That was part of the green light that encouraged us to create Sherlock's audit contest platform.
The irony is that I truly think Code4rena died due to competition.
Sherlock was the 2nd entrant to the field, and Cantina and Immunefi came 1-1.5 years later and turned the space into a bloodbath where fees to audit contest platforms approached zero.
I think if there had only been one audit contest platform (impossible I know), it would have been a very healthy, lucrative business.
And the irony is that I think we'd see more contests and higher SR payouts in that scenario than we do today.
On the bright side, I think competition made Sherlock's audit contest platform a much better product. Our customer-facing dashboards are more user-friendly. We reinvented our judging process 4x and it's now 10x better than it was 3 years ago.
And our team as a whole was forged by fire thanks to the intense competition. I am a better founder and CEO because of the experience.
I'm really grateful for the lessons that we learned by competing against Code4rena. Their team was truly mission-driven and cared about security outcomes in a way that some others sadly didn't (and still don't).
Sherlock has fought hard to keep the security-first ethos in the audit contest space and in all our products. And we'll continue to fight hard for this.
For any team that experiences a gap in the market due to Code4rena's exit, I hope you'll ask protocol teams and security researchers you trust for their recommendation.
I'm grateful for everything Code4rena has given to the space and our team. And I look forward to Sherlock continuing to carry the torch of a security-first approach in audit contests.
@ret2basic@auditor_nate Okay, I understand you. I'm new in this sector and I love it, but it's kind of shocking to hear that news about C4. I'm still moving forward and improvising by the way...
@trust__90 I was just starting in this sector, I still love it and still want to learn, but do you have any recommendation on what to do? I'm feeling a little lost after that news