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.
Shimmer is an L1 innovation network providing the core building blocks for a scalable, modular multi-chain architecture. Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains. At the same time, Shimmer ensures interoperability and composability of L2 smart contract chains, capable of connecting any type of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for feeless minting and transfer of native assets without middlemen or crippling gas fees.
The native token of Shimmer is SMR, which serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Shimmer users use the SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.