Blockchain company Open Zeppelin announces the start for its security metaverse services that includes The Sandbox, a gaming virtual world, and an affiliate to Animoca Brands, becoming the first company to sign for the service.
Through this services, Open Zeppelin aims to provide an exhaustive cybersecurity analysis for metaverse-based apps. The company intends to accomplish this through the use of real-time monitoring in order to spot possible threats and anomalies within the protocols on a continuous basis, beginning in The Sandbox.
“Metaverse projects are now able to benefit from continuous audit expertise that goes beyond the code and support more secure practices for monitoring of the chain access control, monitoring and other improvements that are essential to ensure future growth” added Michael Lewellen, head of architecture for solutions at OpenZeppelin.
What will happen?
The metaverse security tool of OpenZeppelin’s is comprised of multiple components. One of them is current logging, key management systems , and API-based systems utilized in The Sandbox will be integrated into a single security dashboard using a security software called Defender. The tool will offer greater transparency over the web3 transactions that take place within the metaverse ecosystem which can be beneficial for continuous reviews that are conducted by The Sandbox.
The service also combines the expertise of OpenZeppelin together with Forta, which is a project that tracks all metaverse activities and notify users if concerns or anomalies in The Sandbox are detected.
“It’s vital to ensure safety for our customers, and we’re thrilled to use the security services of OpenZeppelin as an integral part of our Security tools and techniques” added Sebastien Borget who is co-founder and chief operating officer The Sandbox The Sandbox in a statement.
With its blockchain-based applications the metaverse holds promise however, it is also risky for both developers and users. Cyber threats like fraud, identity protection, verification, and security of hardware are all issues that need to be addressed in order to ensure the safety of all participants. Recently, there are many hacks and vulnerabilities targeting financial services that are decentralized. Similar risks could be easily applied to any software based on the metaverse protocol.
OpenZeppelin clarified the distinction of smart contract audits in decentralized finance and an underlying metaverse. The team stated that even though each of the two metaverses DeFi might depend on smart contracts, there are numerous elements in the core code of the metaverse platform, such as Sandbox that create an attack surface that is much larger.
These elements are linked to the Sandbox’s ERC-20 token, as well as the various token contracts that are non-fungible, and NFT auctions.
“Yes there is the possibility of a crossover between Smart Contract Auditing on the web3 platform however, a metaverse comes with problems like native land tokens and assets and also the possibility of a marketplace for users. the need to keep track of meta-transactions native to the metaverse, native metaverse tokens implementations, and the need for additional dependences,” Stephen Lloyd Webber is the developer advocate at OpenZeppelin and The Block, said. The Block.