![](https://e27.co/wp-content/uploads/2024/04/BuildBear_Labs_feature_1.png)
BuildBear Labs co-founders Emmanuel Antony and Dipesh Sukhani (R)
Having labored within the blockchain business, Dipesh Sukhani and Emmanuel Antony witnessed firsthand scalability points associated to Web3; these points may inflate operational prices by as much as 30 per cent and take a devastating monetary toll on good contract exploits that always exceeded US$1 million.
The duo believed {that a} platform able to offering strong testing options was crucial to deal with the important safety and effectivity gaps.
“BuildBear Labs was launched as a response to those vital challenges,” co-founder Sukhani tells e27. “We have been satisfied that Web3 is the way forward for expertise as we noticed the market’s palpable shift on this route. It motivated our mission with BuildBear Labs.”
Additionally Learn: Web3 development tools startup BuildBear Labs nets US$1.9M funding
Based in Singapore in 2022 by Sukhani and Antony, BuildBear Labs seeks to make the Web3 area extra accessible and safe for builders. Its important product is the Phoenix Engine, a specialised automated & steady testing engine (ACTE), which empowers builders to construct safe, scalable, and interoperable dApps, mitigating the dangers of post-launch fixes and fostering increased person adoption charges.
“Think about it as a highly-skilled check engineer that repeatedly checks your work for any errors or vulnerabilities, making certain all the things runs easily and securely earlier than your mission goes reside. That is essential as a result of, within the blockchain world, a small oversight can result in vital losses or safety breaches. That is what Phoenix Engine does,” he elucidates.
Offering a sandbox surroundings
The engine transforms how builders method Web3 growth by offering a sandbox surroundings for testing purposes beneath real-world situations with out risking property or safety. Sukhani claims this method ensures scalability, efficiency, and cross-chain compatibility.
From a enterprise perspective, the Sandbox “considerably” enhances the capabilities of Web3 growth groups by enabling the creation of tailor-made non-public testnets. It permits groups to conduct complete and lifelike testing of dApps in a safe, remoted surroundings.
Additionally Learn: Web3 needs novel prevention tools for novel attack vectors: AI saves the day
By providing options that simulate real-world blockchain situations, together with community states, good contract interactions, and cross-chain performance, the sandbox empowers builders to scrupulously check dApps for scalability, efficiency, and compatibility points.
Sukhani claims that BuildBear Labs has already created over 8,100 sandboxes, with a 19 per cent month-over-month development price in energetic customers.
Guaranteeing the safety, integrity
BuildBear Labs takes the safety and integrity of its testing environments critically, he says. The agency plans to combine superior safety measures and kind partnerships with business leaders like RemixIDE, Scaffold-ETH, Cookbook, Catapulta, and Loki.Code, and SolidityScan.
![](https://e27.co/wp-content/uploads/2024/04/BuildBear_Labs_feature.png)
BuildBear Labs co-founder Emmanuel Antony
“By means of these collaborations, we’ve integrated cutting-edge safety practices and instruments into our Phoenix Engine. This gives builders with a safe and complete platform for testing their dApps,” he remarks.
Amidst the abundance of alternatives, BuildBear Labs faces a number of challenges. “Because the Web3 panorama quickly evolves, we face challenges like adapting to new technological developments, navigating the ever-changing regulatory environments, and making certain our platform stays accessible to builders of all ability ranges with out compromising on superior functionalities. Addressing these challenges head-on is important for leveraging our distinctive place out there. It’s our mission to drive innovation and cement our standing as a pivotal power in simplifying and enhancing the method of blockchain utility growth.”
The Web3 startup not too long ago raised US$1.9 million in funding co-led by Superscrypt, Tribe Capital, and 1kx, with participation from Iterative, Plug-N-Play, and angels. The cash is getting used to deepen to increase its core workforce with top-tier expertise and its international footprint, significantly within the US.
Additionally Learn: How AI and blockchain collaborate for a transparent Web3 future
Within the upcoming months, BuildBear Labs will introduce a collection of developments and developments to “solidify our position” within the Web3 growth panorama. It contains enhancing the Phoenix Engine with new options, integrating superior analytics for deeper insights into dApp efficiency, and increasing its collaborative efforts with business leaders to include cutting-edge applied sciences and methodologies.
Web3 shedding sheen?
As soon as the most popular vertical, Web3 appears to have misplaced its sheen largely resulting from scalability, person expertise challenges, and regulatory uncertainties. Nonetheless, the previous couple of months have signalled a promising shift, he says.
“With Bitcoin reaching an all-time excessive, we’re witnessing the Web3 market begin to warmth up once more, underscoring the enduring curiosity and confidence in decentralised applied sciences. As somebody deeply invested within the potential of Web3, I’m optimistic about its resurgence. The comeback can be fuelled not solely by technological developments and clearer regulatory pointers but in addition by elevated mainstream adoption and strategic collaborations inside the ecosystem. This renewed momentum and the convergence of efforts throughout the sector recommend that Web3 is poised for a major comeback, able to redefine the digital panorama in methods we’ve solely begun to think about,” Sukhani concludes.
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The submit How BuildBear Labs makes Web3 space more accessible, secure for developers appeared first on e27.