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Blockchain security company behind Folta The network audits smart contracts, monitors vulnerabilities, and alerts you to potential threats to the metaverse.
according to Michael LlewellenHe is responsible for solution architecture at OpenZeppelin, where previously the project relied on “piecemeal auditing” and the Metaverse Security Service is “a step forward”.
The Metaverse project is currently leveraging its ongoing audit expertise to go beyond code to better serve on-chain monitoring, access control, and other enhancements critical to securing future growth. We can support good security practices, explains Lewellen. We are delighted to have The Sandbox selected as the first client for this new service, and we believe their forward-thinking approach to security will be reflected in even more clients in the coming months. .”
The new Metaverse Security solution leverages services provided by Forta, such as monitoring smart contracts and transaction activity. It also sends notifications of risks and anomalies.
In November, the OpenZeppelin team provided feedback and suggested process changes to reduce the potential attack surface.
Sebastian BorghettoCOO and co-founder of The Sandbox, said: We are pleased to use OpenZeppelin’s security services as an integral part of our suite of security tools and strategies. Their years of experience in this field make them the perfect choice for us as we continue to grow our community.
According to OpenZeplin, platform reliability and cyber threats are some of the other major issues that Metaverse users need to be protected against. This is in addition to identity protection and verification and hardware security. Recently, we have also seen an influx of hacks and exploits in the decentralized finance (DeFi) space. As an extension of the Web3 world, the metaverse is targeted by hackers in exactly the same way.
As part of its agreement with The Sandbox, OpenZepplin will also provide ongoing audit support for various system components of The Sandbox. This includes ERC20 tokens, meta-transaction implementations, multiple NFTs, and semi-fungible token contracts. In addition to the escrowless auction feature.
OpenZeppelin also provides monitoring recommendations as part of the report. 10 detection bots. You can monitor privileged accounts, multi-signature transactions, DAO activity, DeFi dependencies, and anomalous activity.
Each detection bot code is available under the MIT open source license. They operate 24/7 on the Forta Network with Web3’s distributed alarm system and OpenZeppelin providing ongoing maintenance and support.
The Sandbox Metaverse provides players and creators with a decentralized platform for creating immersive 3D worlds and gaming experiences.Existing logging and key management systems, including splunk, data dogor any other API-based system integrated into an all-in-one dashboard.
Francis Bignell
