The Sandbox Onboards Security Firm OpenZeppelin to Protect Its Platform from Attacks

The blockchain security firm behind the Forta network will monitor vulnerabilities, alert for potential threats and audit smart contracts within the popular metaverse game.

AccessTimeIconDec 15, 2022 at 2:00 p.m. UTC
Updated Dec 15, 2022 at 3:55 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Web3 gaming platform The Sandbox is hiring leading blockchain infrastructure security provider OpenZeppelin to prevent attacks within the metaverse, the companies said Thursday.

OpenZeppelin, the firm behind the Forta network, will audit smart contracts, monitor vulnerabilities and alert for potential threats to the metaverse.

Stephen Lloyd Webber, developer advocate at OpenZeppelin, told CoinDesk that proactively observing and identifying vulnerabilities is key to enforcing security within a decentralized ecosystem. He noted that waiting to catch threats will only lead to their discovery after the damage has already been done.

“The pieces that make up a metaverse puzzle are intricate and extensive and there is a lot to keep an eye on,” said Webber. “The practice of auditing has proven essential in deploying existing Web3 services.”

The conversation around security in the metaverse grew more urgent this year following a $625 million exploit of metaverse game Axie Infinity’s Ronin network in March. According to data from blockchain security company Peckshield, about $760 million in crypto was stolen by hackers in October alone.

Sebastien Borget, chief operating officer and co-founder of The Sandbox, told CoinDesk that onboarding OpenZeppelin will not only increase the security of the smart contracts within the game, but will continue to pinpoint vulnerabilities to ensure its safety as it continues to build.

“With over 4.3 million registered wallets, The Sandbox is a major actor in Web3 democratization,” said Borget. “OpenZeppelin’s security services help build a reliable framework and reinforce trust in our ecosystem, a key factor in onboarding more newcomers to our platform and to Web3 as a whole.”

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Cam Thompson

Cam Thompson was a news reporter at CoinDesk.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.