Bringing Security Services to the IOTA Ecosystem
2022 is the most expensive year for web3 hacks and exploits by far. That’s according to the Web3 Security Quarterly Report for Q2 2022, which reports that over $2 billion has been lost to hacks and exploits in Q1 and Q2 alone. If we want to buck this trend for 2023, securing and auditing web3 projects is paramount. For this reason, we’re happy to welcome to Touchpoint Open Builders Program Zokyo, a security auditing firm and venture studio that builds, funds, and secures crypto, DeFi, and NFT companies. With the aim of helping secure and value projects building on the IOTA ecosystem, Zokyo will bring its security services to Touchpoint Open Builders Program participants, including penetration testing, infrastructure testing, and smart contract and protocol auditing services.
We’re excited to welcome Zokyo’s auditing expertise to Touchpoint and the wider IOTA ecosystem. And that’s not all: We’re also excited to announce that TangleSwap will be the first project building on Shimmer to be audited by Zokyo in preparation for their expected launch within days of the ShimmerEVM Mainnet launch. Follow Zokyo on Twitter for the latest updates and Medium for more insights.
Zokyo joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to funding, experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer networks. You can learn more about how Touchpoint works and how to become a part of it here.
Assembly is a scalable multi-chain network for sharded, composable smart contracts. It will deliver flexibility, scalability, and interoperability, and is a smart contract network for mainstream innovation and mass adoption. It does so by offering inexpensive, fast, and secure smart contracts, trustless and feeless smart contract interoperability, full customization and composability of dApps, compatibility with Ethereum virtual machine, and other benefits.
In Assembly, anyone can launch their own smart contract chains with the flexibility to customize fee and incentive structures. The chains are overseen by permissionless and decentral dynamic validator committees of nodes that execute and validate smart contracts; these validators are assigned to their chains by a root chain through a marketplace, and the validators are rewarded with the network’s native token, ASMB.