#27: realfakepicnic & sockdrawermoney, Co-Founders @ Code4rena | Managing a DAO that runs smart contract audit contests for projects such as OpenSea, ENS, Lens, NounsDAO & SushiSwap

Code4rena is a project that disrupts the way web3 companies do smart contract audits. Their community-driven approach made them so well-known in the space that OpenSea ran a $1,000,000 security audit contest on their platform. How does their project work? How it started? And how do they grow it? Two out of five Code4rena Co-Founders came to the pod to answer all these questions.

Follow the pod:

https://twitter.com/web3talks

Follow Sock, Picnic & Mac:

https://twitter.com/sockdrawermoney

https://twitter.com/realfakepicnic

https://twitter.com/MacBudkowski

TIMESTAMPS:

1:55 How Sock & Picnic got into crypto from decentralization & security audit backgrounds

9:35 How is web3 security different than web1 & web2 security, and how does Code4rena help to tackle web3-specific challenges

17:14 How Sock got into Code4rena very early

19:40 How does their security audit contest mechanism makes it easy to get great auditors on board & what are the characteristics of the top auditors

25:23 How the community chooses the judges for the contests

27:45 How they arranged their DAO to work efficiently and not get lost in the chaos

35:34 How have they been acquiring their clients

37:00 Story of their OpenSea $1,000,000 security audit contest

39:04 Do they permit hackers to work on security audits

42:15 Why decentralized security audits might be less vulnerable to exploits than traditional ones

45:44 How they've been balancing their two-sided market

50:39 What would they fix about web3 with their magic wand

53:50 Most mind-blowing web3 projects they've seen

58:43 The funniest things that happened to them

1:02:30 Their guests' ideas

1:06:35 Where you can learn more about code4rena