Meet Sathya Prakash, this Web3 OG is predicting the massive Blockchain hacks & loots months prior to the attacks while building India’s first NFT-backed wearables.
Garpenter is the world’s first blockchain-backed Wearable attached to an NFT, the supply chain of the wearable is recorded in a blockchain. By scanning the wearable the whole life journey can be viewed along with its sustainable certification, it just dont stops there, a dynamic NFT is attached to the hoodie that displays the current owner of the hoodie along with some additional pieces of information. This method proves the textile product is sustainability manufactured and zero down the posibiloities of replicas and duplicates. Since Textile industry is one of biggest contributor to the global pollution this Blockchain backed supplychain along with the NFT tracker was developed by the collaboration of Garpenter and Glasspaper. Glasspaper is providing similar web3 & Defi development solutions with a quick turn around time of 9 weeks. One can hire an entire Web3 development team from India along with the Product Management and Growth Strategic team.
Sathya Prakash has been continuously sharing his Blockchain loots and hacks predictions months before its occurance, for his Linkedin followers, predicting the famous Influencer Kim Kardhasian’s charges and the Solana networks loot, In his words “ I hope my other prediction posts on the Smartcontract security flaw would not turn out to be true because that’s how vulnerable the smart contract security is.”
It’s important to understand the security check and attacks involved. Security audit plays a significant role at this point in time and it’s mandatory to be aware of the below-mentioned security checks and attacks.
– Block timestamp Manipulation
– Frontrunning
– Sandwich Attacks,
– Cross-Chain Bridge manipulation,
– Denial of Service
– Phishing Through tx.origin
– Signature Replay
– Reentrancy Attack
– Malicious Honeypot
– Unsafe Delegatecalls
– Insecure Randomness
– Accessing Private Data
– Arithmetic Over/Under Flow
– Price Oracle Manipulation,
– Flash Loan Attacks,
– Unsafe external calls,
– Unchecked return values,
– Proxy Storage Collision
– Loops Gas Limit
He adds “A Purposeless Tokenomics is a financial black hole that is capable of causing a major disruption to the economy. An insightful use case and a futuristic Tokenomics are the basic requirements to identify a genuine project. A tokenomics without an insightful business use case other than just the circulation of its currency is like a chicken without its head, the project is not sustainable and it’s just a hoax.
It’s important to ensure that the tokenomics smart contract has its time-locked governance contract and that the token circulation is not manually controlled. Adding a reentrancy contract to the smart contract protects the dApp from hacks.
Supply chain, Micro Payments, Real estate records, vehicle registration, and conversion of digital documents into dynamic NFTs are a few of the verticals where blockchain’s contribution as technology can solve multiple problems and there is a wide scope of opportunity for innovative products.”
Website link: https://www.glasspaper.co/
Disclaimer: This is a paid press release. No Journalists were involved in the creation and publishing of the content.