Cointime

Download App
iOS & Android

Contract auditor: Believe that the NFT security field will grow wildly in the near future

Contract auditor Pashov posted on X platform that NFT floor prices are rising. I remember when these markets were booming in 2021, I was studying Solidity and had a strong FOMO. I wanted to contribute but couldn't yet. I have seen the lowest code quality in NFT protocols, but the most people who want to make quick money with low technical content, so fraud has reached its peak and hacker attacks are also common.

The good news is that from the perspective of source code, most NFT protocols are quite simple, but there are still attack points: using "safeMint" for re-entry; flawed randomness generation; lack of access control for critical task methods. When it comes to NFT collateral contracts, the attack surface expands tenfold, and we face rounding issues, token jams, and front-running transactions. When we involve NFT derivatives and exchanges, complexity will soar. Alpha: Looking for errors in large NFT protocols and providing security services for them, I firmly believe that the NFT security field will grow like crazy in the near future.

NFT
Comments

All Comments

Recommended for you

  • BTC falls below $115,000

    the market shows BTC falling below $115,000, now trading at $114,983.6, a 24-hour decline of 0.46%. The market fluctuates greatly, please manage risk control.
  • A look at the key developments from the afternoon session on September 16th

    7:00-12:00 Keywords: rate cut, US dollar index, Gemini
  • US spot Ethereum ETF saw a net inflow of $361.05 million yesterday

     according to TraderT monitoring, the net inflow of US spot Ethereum ETF was $361.05 million yesterday.
  • US spot Bitcoin ETFs saw a net inflow of $258.92 million yesterday

    according to TraderT monitoring, the net inflow of the US spot Bitcoin ETF was 258.92 million US dollars yesterday.
  • Strive Launches $450 Million Public Offering to Further Increase Bitcoin Holdings

     Bitcoin treasury company Strive (Nasdaq code ASST) announced the launch of a $450 million public offering plan to increase its Bitcoin holdings and raise the proportion of Bitcoin per share. This issuance is part of the company's total $950 million capital initiative, which also includes a $500 million stock buyback plan to enhance balance sheet flexibility. Strive currently holds 69 Bitcoins, worth approximately $7.9 million, and can raise an additional $750 million in the next 12 months through warrants. The company stated that it will issue preferred shares through a registration structure to purchase additional Bitcoins, increasing shareholder exposure to Bitcoin and enhancing shareholder value.
  • Coinbase CEO clarifies: No clear plans for Base network tokens at this time

    in response to Base's announcement of exploring the launch of a network token, Coinbase CEO Brian Armstrong clarified on X platform that they are indeed exploring the Base network token. They hope that this token can become an excellent tool to accelerate the growth of creators and developers in decentralization and ecosystem expansion. However, it should be pointed out that at this stage, there is no specific plan for the related token, and disclosing the information is just for public update of the concept.
  • Base Network Considers Issuing Tokens

    jesse Pollak, the head of the Base protocol, stated on BaseCamp that Base is exploring the possibility of issuing network tokens.
  • Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.
  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs
  • Adidas and Doodles collaborate to launch a limited edition NFT collection pack

    Sportswear giant Adidas is collaborating with Ethereum NFT series Doodles to sell virtual gift packages that support buyers in purchasing exclusive physical clothing. Adidas and Doodles stated in a joint statement that these limited edition collectible packages will be available for purchase before August 16th, with two items in each package. The Adidas Originals x Doodles online store shows that the retail price for a single package is $4.99, while the price for 2 to 100 packages ranges from $8.49 to $374.99.Some joint sets include physical collectibles featuring Deysi, the digital mascot in Pharrell Williams and Coi Leray's new song "Not in the Store". These collectibles include Deysi sportswear and Superstar shoes, with each limited to 200 pieces.