The Sandbox Partners With OpenZeppelin To Launch Metaverse Security Service

The Sandbox Partners With OpenZeppelin To Launch Metaverse Security Service
In this post

The Sandbox announced a new partnership with OpenZeppelin to launch a comprehensive metaverse security service, via Twitter this morning, in an important move to build trust in an NFT user base rocked by hacks and exploits.

The Sandbox describes the OpenZeppelin security service as the first of its kind, and it includes real-time monitoring for threats and outliers along with routine code and smart contract analysis. The service leverages the Forta Network, with Forta leading the smart contract and transaction activity monitoring and providing an alert service.

“Our unique new service for comprehensive metaverse security is a step forward for metaverse and Web3 projects that have been reliant on piecemeal audits up until now," said Michael Lewellen, Head of Solutions Architecture at OpenZeppelin. "Metaverse projects can now leverage ongoing audit expertise to go beyond the code to support better security practices for on-chain monitoring, access control, and other enhancements that are crucial for securing future growth."

The details of the security service are pretty impressive. The services included in The Sandbox's purchase include:

  • ongoing audit support of The Sandbox's metaverse, including ERC20 tokens, meta-transactions, NFTs and smart contracts, and escrowless auctions
  • providing monitoring recommendations
  • leveraging 10 detection bots to monitor transactions and try to identify potential attacks before they happen
  • integrating The Sandbox's existing management systems into an all-in-one dashboard for automation called the OpenZeppelin Defender
  • full incident response training

OpenZeppelin's first action was the audit of a Sandbox staking contract back in November, with that staking service to be rolled out soon.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.