The Sandbox, a gaming virtual world owned by Animoca Brands, is the first to sign up for OpenZeppelin’s new metaverse security solution, which the company revealed today.
OpenZeppelin’s service attempts to conduct a thorough vulnerability assessment of metaverse-based software. The company hopes to accomplish this goal, first inside The Sandbox, by using continuous real-time monitoring to identify possible dangers and abnormalities in such processes.
OpenZeppelin offers a comprehensive metaverse security solution. The first is that The Sandbox will be using a security solution called Defender to centralize all of the logging, key management, and API-based technologies it now employs under a single dashboard. When used in conjunction with other tools, this one will make it easier to keep tabs on all the web3 dealings happening inside the metaverse ecosystem, making it a valuable asset for conducting regular audits of The Sandbox.
Second, the service combines the knowledge of OpenZeppelin with that of Forta, a project that will keep track of everything happening in the metaverse and alert users if there are any threats or unusual occurrences in The Sandbox.
In a statement, The Sandbox’s COO and co-founder Sebastien Borget praised OpenZeppelin’s security service as an integral element of the company’s overall security infrastructure.
Users and creators of the metaverse, a blockchain-based program, face both opportunities and threats. Decentralized financial systems have been the focus of various hacks and attacks recently. Applications based on a metaverse protocol are vulnerable to the same kind of attacks.
Smart contract audits in decentralized finance and the metaverse were also discussed, with OpenZeppelin providing more detail on the latter. According to the group, smart contracts are used in both the metaverse and DeFi, but a metaverse platform like Sandbox has a significantly larger attack surface since it has so many more moving parts in its underlying code.
Such features are associated with the ERC-20 token used in The Sandbox, as well as the many NFT contracts and NFT auctions available there.
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