1. CONTRACT CODE REVIEW
Minting function bug free
Constructor control max supply
Short address/parameter attack
2. PROJECT REVIEW
1. Contract code review
NFT contracts require protection and an audit would provide a complete review of discrepancies and errors and suggestions on how to fix them.
Audits are performed by professional coders, they review and test the code against the most common types of attacks, including front-running and reentrancy.
Vulnerabilities that seem non-vital may prove to be the weakest point in a smart contract, so it’s better to prevent them from playing their part.
An NFT audit will protect the users and future owners of the NFTs against external attacks and initial sellers’ possible malicious actions.
Currently, NFTs aren’t considered to be very secure, and they often end up on the receiving end of the attacks.
We also check if the minting function is bug free and if the constructor control the max supply.
2. Project review
- Mission: What is the project trying to achieve? Does the mission resonate with you?
- Team: Who’s the core team behind the project? Do you like what they’re tweeting? Do they have the right skillset (e.g., designer, developer, community manager) to execute? Is there proof of their previous work?
- Roadmap: Does the project have a plan to deliver clear utility over time? For example, are there going to be new drops for NFT owners?
- Community: Is the core team active in the community? Are members excited about the project’s roadmap and contributing to the conversation or only speculating on prices? How many people are active in the community?
Community is a decisive factor for NFTs, since it impacts how many potential users and buyers it has on the open market. The larger the community, the more word-of-mouth an NFT attracts. This subsequently helps the project reach more potential buyers. For instance, Bored Ape, a popular NFT collection, has a large and active community that helps introduce the project to a wider audience. Users can easily check a project’s community size by visiting its official social network pages and checking the subscriber count to get a sense of the size of the community. Another factor to consider is the number of NFTs available on secondary marketplaces. An abundance of NFTs available combined with low bidding or buyer activity may suggest that supply outstrips demand.
- Social: Are NFT collectors talking about the project? What activity do you find if you search for the project’s name on Twitter?
- Utility: The utility of NFTs comes from their real application, between both physical and/or digital worlds. As both worlds grow ever closer together, an asset class is needed to translate the value of assets from the real world to the digital world.
In addition to being one-of-a-kind, NFTs can be used to perform a variety of actions. For instance, in games, they can be used as power-ups or spells. They can be used up as articles of clothing for characters, or used as resources for building.
Utility lies at the heart of any digital asset. Without utility, a digital asset has no use-case and therefore, low demand. An NFT with strong utility gives it upfront value, which may accrue over time, depending on the popularity of the underlying project and how much traction it gains.
NFT staking has also been gaining popularity as an added-value feature. If users stake the native NFT of a project, they get rewarded with in-game coins that can be used to redeem premium content.
- Rarity: Rarity, or uniqueness, is a core quality of NFTs. Some NFTs are created by renowned artists. Others represent tokenized, real-world assets. All NFTs are one-of-a-kind, and their ownership and authenticity can be verified by anyone, but never altered (the ownership can change hands if the NFT is bought, sold, gifted or traded). Generally, in-demand NFTs have greater value.
The law of supply and demand and the law of scarcity dictate that rare, in-demand NFTs often attract more buyers and sell for higher prices.
- Website: Website presentation, accessibility via search engines, website security, website speed
- Art: Repeating shapes, patterns, and symmetry. Colors, especially colors that complement or enhance each other. Textures, both visual and physical (like thick, impasto paint). Crops and compositions that focus the eye and keep the viewers’ attention. Movement or flow to guide viewers through the art. Correct or appealing proportions of figures and objects. Presentation and framing.
- Transparency: Transparency is at the basis of the blockchain, at least in the broadest and most theoretical sense of the statement. NFTs smart contracts are supposed to regulate and make transparent every transaction, wallet and relationship of ownership of a digital artwork or otherwise.
No issues in 99.99% cases of audited projects
YOU WILL GET:
- Certificate with grade, signed by us attesting that your project was audited.
- Free advice to improve the project.
- Chance to be promoted for free if your project gets a high score.
- Certified logo which shows that you have been successfully verified by us. (free to use)