Home / 21 Intel Bitcoin Mining Strategy /Fantom Network Launches Automated Smart Contract Audit System Watchdog To Monitor For Bugs

Fantom Network Launches Automated Smart Contract Audit System Watchdog To Monitor For Bugs

28 Oct 2022

Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) collection that consists of 9,666 unique bats designed by the legendary rocker, Ozzy and his wife Sharon Osbourne announced Ozzfest is coming to the metaverse. This annual hard rock music festival will take place in Decentraland from November 10-13, located on various stages in the virtual metaverse land.

According to an announcement revealed on Tuesday, Ozzy Osbourne is bringing Ozzfest to the metaverse. The announcement sent to Bitcoin.com News explains that the popular hard rock and metal festival will host a line-up of over 100 acts including virtual performances by Ozzy Osbourne, Motorhead, and Black Label Society. The event is being dubbed “the first metal and rock music festival to enter the metaverse,” and it will be the first Ozzfest performance since 2018.

Legendary Rocker Ozzy Osbourne's Ozzfest Festival Is Coming to the Metaverse

Ozzfest was founded by Osbourne, his wife Sharon, and his son Jack in 1996 and the Ozzfest festival toured annually up until 2018. In addition to Ozzy, the festival has had a great number of hard rock, hardcore, and metal acts join including bands like System of a Down, Pantera, Mudvayne, Static-X, Hatebreed, Sepultura, Slipknot, and Godsmack. The festival is set to start on November 10 and run for three days on its own land parcel located in Decentraland.

The music festival is free for anyone to attend but owners of Ozzy’s Cryptobatz NFT collection will get “VIP viewing access” and “free wearables.” Osbourne revealed the Cryptobatz NFT collection in December 2021, a compilation that pays tribute to the time Osbourne bit the head off a bat on stage in 1982. The metaverse-based Ozzfest will feature “a sprawling gothic castle” and the Ozzfest logo on the front of the castle.

“I’m thrilled to be bringing Ozzfest to the metaverse,” Osbourne said in a press release sent to Bitcoin.com News. “This allows me and the other bands on the festival to engage with the community in new and interesting ways. We have some really exciting things planned,” the rock singer added.

The upcoming Ozzfest in the metaverse follows Osbourne releasing his thirteenth studio album “Patient Number 9.” The record got favorable reviews from the likes of consequence.net and Metacritic. Consequence.net wrote that “Ozzy Osbourne is [a] bright light on [the] new album,” and “Patient Number 9” got a 75 out of 100 average score rating on the review aggregation web portal Metacritic.

What do you think about Ozzy Osbourne bringing Ozzfest to the metaverse via a three-day festival in Decentraland? Let us know what you think about this subject in the comment section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) collection that consists of 9,666 unique bats designed by the legendary rocker, Ozzy and his wife Sharon Osbourne announced Ozzfest is coming to the metaverse. This annual hard rock music festival will take place in Decentraland from November 10-13, located on various stages in the virtual metaverse land.

According to an announcement revealed on Tuesday, Ozzy Osbourne is bringing Ozzfest to the metaverse. The announcement sent to Bitcoin.com News explains that the popular hard rock and metal festival will host a line-up of over 100 acts including virtual performances by Ozzy Osbourne, Motorhead, and Black Label Society. The event is being dubbed “the first metal and rock music festival to enter the metaverse,” and it will be the first Ozzfest performance since 2018.

Legendary Rocker Ozzy Osbourne's Ozzfest Festival Is Coming to the Metaverse

Ozzfest was founded by Osbourne, his wife Sharon, and his son Jack in 1996 and the Ozzfest festival toured annually up until 2018. In addition to Ozzy, the festival has had a great number of hard rock, hardcore, and metal acts join including bands like System of a Down, Pantera, Mudvayne, Static-X, Hatebreed, Sepultura, Slipknot, and Godsmack. The festival is set to start on November 10 and run for three days on its own land parcel located in Decentraland.

The music festival is free for anyone to attend but owners of Ozzy’s Cryptobatz NFT collection will get “VIP viewing access” and “free wearables.” Osbourne revealed the Cryptobatz NFT collection in December 2021, a compilation that pays tribute to the time Osbourne bit the head off a bat on stage in 1982. The metaverse-based Ozzfest will feature “a sprawling gothic castle” and the Ozzfest logo on the front of the castle.

“I’m thrilled to be bringing Ozzfest to the metaverse,” Osbourne said in a press release sent to Bitcoin.com News. “This allows me and the other bands on the festival to engage with the community in new and interesting ways. We have some really exciting things planned,” the rock singer added.

The upcoming Ozzfest in the metaverse follows Osbourne releasing his thirteenth studio album “Patient Number 9.” The record got favorable reviews from the likes of consequence.net and Metacritic. Consequence.net wrote that “Ozzy Osbourne is [a] bright light on [the] new album,” and “Patient Number 9” got a 75 out of 100 average score rating on the review aggregation web portal Metacritic.

What do you think about Ozzy Osbourne bringing Ozzfest to the metaverse via a three-day festival in Decentraland? Let us know what you think about this subject in the comment section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale

Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.

On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy code.

The Fantom blockchain aims to protect its defi ecosystem with a new automated smart contract surveillance system called Watchdog, according to a blog post published on Thursday. Fantom is a layer one (L1) EVM-compatible blockchain that leverages an asynchronous byzantine fault tolerance (ABFT) consensus scheme.

“Smart contract vulnerabilities remain a pressing problem across the crypto industry,” the Fantom Foundation’s blog post explains. “In Q1 2022 alone, hackers stole $1.3 billion in cryptocurrencies; 97% of these exploits focused on defi products.”

The Fantom Foundation said that the Dedaub-crafted Watchdog will scan for issues 24/7 and monitor for more than 80 types of exploits. It also includes information about proxy configurations, contract approvals, total value locked (TVL) data, pool sizes, and “whether an address has special privileges.” “[Watchdog] periodically updates and improves with new attack vectors as new research emerges,” the Fantom Foundation detailed. The group behind the Fantom blockchain project added:

Defi projects with at least $10 million in TVL and selected NFT-related projects will automatically have their smart contracts read into the Watchdog system. Each project will receive administrative access to see a list of vulnerabilities within their smart contracts at any time. Projects can manually query each smart contract against any exploit recognized by Watchdog.

Fantom’s native crypto asset fantom (FTM) is situated in the no. 81 position, out of more than 13,000 crypto market capitalizations listed today. Out of the $54.15 billion TVL in defi across all the blockchains on October 28, Fantom is the tenth largest TVL with $497 million or 0.92% of the $54.15 billion aggregate. Fantom-based decentralized finance applications have been attacked in the past as Grim Finance lost $30 million and Deus Finance and Spiritswap were attacked as well.

What do you think about Fantom adding the smart contract security system Watchdog? Let us know your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

Source From : News

© CoinJoker 2019 | All Rights Reserved.