Home | Breaking | The Sandbox Leads OpenZeppelin’s Web3 Metaverse Security Service

The Sandbox Leads OpenZeppelin’s Web3 Metaverse Security Service

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The Sandbox has partnered with Open Zeppelin to deliver a comprehensive approach to metaverse security. The Sandbox considers OpenZeppelin an ideal choice for its long-established experience in the field.

OpenZeppelin’s Security Service For Metaverse Projects

Blockchain security provider OpenZeppelin is teaming up with The Sandbox, a gaming virtual world and a subsidiary of Animoca Brands, to launch a security service for metaverse projects. It aspires to deliver a comprehensive approach to metaverse security. 

OpenZeppelin is offering new security services, which include a real-time monitoring suite and broadcast alerts for potential threats and anomalies. These services also include routine codebase analysis and strengthening smart contract security.

Why The Sandbox Chose OpenZeppelin

The Sandbox has just become the first client of OpenZeppelin’s metaverse security service. According to the chief operating officer and co-founder of The Sandbox Sebastien Borget, he considers the safety of users to be the foremost priority. The Sandbox believes OpenZeppelin is an excellent choice for its long-established experience in the field.

Sebastien Borget told CoinDesk that using OpenZeppelin will not only increase the security of The Sandbox’s smart contracts but will allow them to pinpoint potential vulnerabilities as they continue to develop the game. 

Moreover, he stated that OpenZeppelin provides security services that help its platform build a reliable framework and reinforce trust in the ecosystem, which is a key factor in onboarding more newcomers to its platform and to Web3 as a whole.

A Comprehensive Approach To Metaverse Security

As mentioned in its press release, the Decentralized Finance (DeFi) space has been subject to hacks and exploits in recent times, and since the metaverse is an extension of Web3, it will be a target for hackers. The metaverse has the potential to become a powerful tool, but there are risks that users and developers should be aware of. Major issues users need protection from include platform authenticity, cyber threats, identity protection and verification, and hardware security.

Axie Infinity’s Ronin Network confronted a security breach in March this year. The breach suffered losses at 173,600 ether and 25.5 million in USDC, worth in excess of $625 million at that time. As seen on Etherscan, an attacker used hacked private keys in order to forge fake withdrawals from the Ronin bridge.

Michael Lewellen, head of solutions architecture at OpenZeppelin highlighted that 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 improvements that are crucial for securing future growth.

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