Quick take:
- Axie Infinity has signed up bot-management tool GeeTest to protect users from bot attacks.
- The play-and-earn NFT gaming platform is living up to its promise of protecting its community from fraud and hacker exploits.
- Axie recently refunded victims of the Ronin bridge attack that saw hackers steal more than $600 million in ETH and USDC.
Axie Infinity has stepped up its plans to protect its community from future exploitation and fraud. The leading blockchain gaming company has tapped GeeTest, bringing the top human-bot verification technology provider’s tool to the platform.
GeeTest provides an advanced form of CAPTCHA verification technology to websites, apps, and now, web3 platforms.
CAPTCHA is a human-bot verification technology used to prevent automated bots from accessing editable pages on web platforms. Hackers use bots to post phishing links and spam on platforms that are not well protected.
While some websites have installed CAPTCHA plugins that require users to answer basic questions before gaining posting privileges, hackers have over the years developed bots that can override those requirements, cybersecurity service provider Cloudflare explains.
But GeeTest provides an advanced type of CAPTCHA that has been recognised by Gartner and Forrester for the past three years in a row. Its CAPTCHA tool is specifically designed for preventing bot-driven attacks.
GeeTest has been widely adopted in the blockchain, online games, and e-commerce sectors among others, and currently serves over 320,000 companies, processing over 1.6 billion CAPTCHA requests daily.
The tool will be a welcomed addition to Axie Infinity’s arsenal of firewalls, especially following the events that took place in late March.
“Before GeeTest we used Google reCAPTCHA but had issues getting it to support all devices. Sometimes the CAPTCHA would not load on client devices preventing them from logging in. GeeTest has resolved this issue while preventing mass bot signup,” said the Sky Mavis security team.
The metaverse gaming platform’s Ronin bridge which connects to Ethereum was hacked, resulting in a $625 million loot.
Ronin and Axie Infinity parent organisation Sky Mavis managed to refund and restart Ronin late last month after undertaking thorough security checks, which also included increasing the number of private keys for executing transactions from nine to eleven.
Axie is not the only gaming platform looking to raise the level of security accorded to its community. Last week, The Sandbox hired leading cybersecurity firm BrandShield to secure its metaverse.
The Animoca Brands subsidiary will use the online threat detection company to protect metaverse users from NFT fraud and crypto wallet exploits.
Web3 companies are taking cybersecurity concerns seriously and want to thrash out fraud, spamming and scams from the industry. Animoca Brands and The Sandbox were joined last week by Decentraland, Dapper Labs, Circle and others to form the Open Metaverse Alliance for Web3 (OMA3) DAO (decentralised autonomous organisation).
OMA3 will among other things screen NFT and gaming projects to ensure the communities are protected from potential rug pulls and Ponzi schemes.
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