What is NFT Smart Contract Audit?
A Non-Fungible Token (NFT) is a digital cryptographic asset with a unique identification code and metadata. These features distinguish it from other investment options. It is not possible to replicate and exchange the NFTs. Due to the decentralized nature of NFTs, no central authority or intermediary is needed, making transactions simple and easier. The demand for NFTs boomed tremendously sometime in 2017, and their use cases skyrocketed. Representing anything to everything like sculptures, real estate, games, art, music, etc., it covered almost every industry. This is what makes it the favorite destination of malicious hackers. So, it is best to go for NFT smart contract audit to safeguard your tokens.
NFT Smart Contract Audit Stages
Our prolific blockchain security experts conduct the audit process systematically and step-by-step. These are the stages that we have in our NFT audit process.
1. Pre-Requisites
The first step involves analyzing the essential documents required for the audit process and analyzing them. These include documents like BRD, GitHub links, whitepapers, and all the other technical specifications. It assists the auditors in analyzing the intended function of the application they are reviewing.
2. Automated Analysis and Unit Testing
The next phase involves the auditors writing custom unit test cases specific to the smart contract and performing test runs on those unit test cases, along with the test suite provided by the developers. Also, our security auditors deploy automated audit tools such as Slither, Echidna and Mythril to catch the vulnerabilities on the surface level.
3. Manual Auditing
At ImmuneBytes, manual analysis is the most crucial step in the audit process. In this step, our team of auditors check the vulnerabilities in the code by scanning the whole code line-by-line. Our auditors examine the code for logical bugs and run your code against the fuzzing test suite. The auditors recommend addressing the found vulnerabilities and code optimization based on the performance.
4. Reporting
The last and final stage of the NFT security audit process can be classified into initial and final reporting. First, our auditors include their recommendations and the detected bugs in the initial reporting. Here, we classify them based on their severity level. After initial reporting, the developers refactor the code based on the recommendations from our auditors in the initial reporting and the final audit report is generated.
Migrate Your Smart Contract From Testnet To Mainnet,
But Without Vulnerabilities.
Why is NFT Security Audit Important?
NFT smart contracts have become crucial nowadays, owing to the number of hacks prevalent almost daily. When it comes to dealing with such an essential topic related to the funds of the users and investors, safety becomes the top priority. While you can stay relaxed, our experts detect all the security programs in your NFT smart contract. At ImmuneBytes, we help Web3 projects achieve credibility and the trust of the users and investors by mitigating all the risks associated with NFT smart contracts. Following are some of the reasons that make this process important.
It safeguards NFTs against malicious attacks by finding vulnerabilities which require fixing
It reveals potential functional errors, fixing which ensures zero downtime for NFTs
Audited NFTs have more credibility, which means more users are likely to trust and invest in them
Auditing helps in identifying scopes of code optimization and makes operations cost-effective by saving on gas fee
Why Choose Us?
Our extensive audit reports help the developers to determine and mitigate the vulnerabilities in the source code. We also include multiple levelled security references for an easy risk assessment.
Extensive Audit Report
Our auditors diligently prepare comprehensive audit reports that help you understand all the security flaws in the contracts, along with the help of our recommendations on how to fix them.
Check For 100+ Vulnerabilities
Many security flaws have surfaced time and again in NFT smart contracts. These include Re-entrancy, Front-running, Gas limit issues, and more. Our auditors scrutinize 100+ flaws and help you eliminate them.
NFT Smart Contract Fuzzing
This technique allows the detection of implementation bugs using malformed/semi-malformed data injection. It stresses the app and causes unexpected code behaviour, aiding in identifying bugs.
Post Refactor Reaudits
There is always a need to update the codes and hence, re-audit. Our team at ImmuneBytes always continues to provide our clients with free re-audits in the future whenever required.
Security Test Cases
We offer a detailed PoC for severity issues detected during the audit. Together with this, we also provide test cases for clients so that they can reverify the auditor’s recommendations.
Quick Turnaround Time
We completely understand how precious your time is. This is why we promptly complete an audit with the bare minimum required.
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FAQs
The world of NFTs is enormous. And so are the questions associated with them. Here, we list the top 6 most frequently asked questions on NFT Audits.
- Testing
- Automated analysis
- Manual analysis
- Creating the initial and final audit reports with recommendations
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