Benzinga | Jul 21, 2021 09:03AM EDT

ZK International's Subsidiary, xSigma, Completes An Audit Of Its NFT Marketplace Ahead Of Its Launch

ZK International Group Co., Ltd. (NASDAQ:ZKIN) ("ZKIN", "ZK International" or the "Company"), is pleased to announce that xSigma Corporation, a subsidiary of the Company and a blockchain R&D lab, has completed the smart contract development for its NFT ("Non-Fungible Token") Marketplace and successfully passed a smart contract audit by Hashex.

xSigma has passed the audit by Hashex with zero critical, high or medium severity issues. The audit report will be published through xSigma's social media soon. The audit significantly reduces the marketplace's risks and ensures customers' funds safety.

HashEx is a leading DeFi security provider. It started in 2017 as an auditor of software code, and since then has gained outstanding expertise of how decentralized applications work. Most recently, Hashex discovered a critical vulnerability in a DeFi project with assets worth $20 million. Currently, Hashex is developing solutions to bring security norms into the DeFi market, including designing 30 global projects currently running on blockchain integrations ; It also audited over 250 smart contracts . Hashex's website is: https://hashex.org

The xSigma NFT Marketplace will go live this summer with a series of NFTs created after celebrities, athletes, and brands, which will be announced soon. The Company decided to delay the launch of the Marketplace to ensure customers safety and to complete some strategic partnership deals, which will be announced as well.

Mr. Huang, Chairman of xSigma stated, "Security seems to be the biggest issue in today's blockchain ecosystem, including NFT, which now counts for billions of dollars in sales. We have huge plans for our NFT marketplace , so we take all possible actions to ensure our customers and partners' safety, including passing this audit ahead of our launch.",