Zokyo Joins Touchpoint Open Builders Program

Touchpoint Nov 9, 2022

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.

Zokyo (zo-ki-yo) secures, funds, and builds Web3 companies. We are at the forefront of securing crypto and Web3 initiatives across chains, clouds, and networks. At its core, Zokyo is a technology company building products and services to support the Web3 networks that they invest in.

Since 2019, we’ve taken a ground-up approach to securing, architecting, building, and funding organizations and products leveraging blockchain technology: before we start an audit, we work closely with our clients’ development teams to understand their business goals, use cases, and so on. Similarly, when we work closely with founders, we don't just concentrate on the technology but also help them with tokenomics, game theory, and more. And combine crypto/Web3 and cybersecurity research with a real-world attacker mentality to reduce risk and fortify code.

Sitting at the junction of security and innovation, we are differentiated by our blockchain sector specialism and a network of operational resources. Our systematic yet customized value-creation process and strong execution capabilities accelerate company growth and drive security and operational best practices through a partnership-driven, long-term-oriented model.

Zokyo was founded by Hartej Sawhney, co-founder of Hosho: Find out more about the team on our website.

The emergence of Shimmer gives us a great opportunity to support and add value to the IOTA ecosystem.

As a Web3 security and smart contract auditing firm, Zokyo will support Shimmer and the wider Touchpoint ecosystem with the necessary resources they need to securely create and scale their operation and future product launches.”

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.

About Touchpoint

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.

About Shimmer

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.

Disclaimer

Every project that participates in Touchpoint is given the opportunity to introduce itself in its own words. Statements made by projects are not verified by Touchpoint, Shimmer, Assembly, or the IOTA Foundation and should not be taken as an endorsement. Individuals are advised to always conduct their own due diligence when engaging with any crypto projects.


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