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Fox’s NFT Play Signals Big Media Stampede into Blockchain Content

Here comes Hollywood.  In the latest sign that global media groups are embracing NFTs, Disney’s Fox Entertainment is launching a $100M creator fund to produce new offerings on blockchain platforms and NFT-related content, the company announced this week. Dubbed Blockchain Creative Labs, the Los Angeles-based venture is a partnership between Fox Entertainment and its in-house …

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InstaDapp Releases Governance Token with 55% for Community Members

DeFi infrastructure protocol InstaDapp has launched their governance token, INST, on Ethereum Mainnet.  INST holders will be able to discuss and vote on all future InstaDapp protocol upgrades. InstaDapp has minted 100M INST, allocating 55% for community members and the other 45% for team members, investors, and advisors.  Initially, 10M INST will be available to …

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The World Wide Web Is Now an NFT

The source code for the World Wide Web is being turned into an NFT.  Created by World Wide Web inventor Sir Tim Berners-Lee, the NFT is composed of four elements: the time-stamped files containing the source code, a moving visualization of the code, a letter written by Berners-Lee reflecting on the code’s creation, and a …

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Bug in Alchemix’s New ETH Vault Has Left a $6.4M Shortfall

A bug was discovered in the Alchemix Finance alETH contract on Wednesday morning, leaving the project undercollateralized by 2,688 ETH, or roughly $6.4M, as users were able to withdraw these funds without repaying their loans first. Alchemix Finance recently launched alETH, a synthetic yield derivative that lets DeFi users borrow 1 alETH for every 4 …

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Zapper Zaps Its Own Vulnerability Before Hackers Do

Twenty days after upgrading its “Polygon Bridge” smart contract, Zapper found a vulnerability in its own deprecated version.  According to a tweet, the Zapper project “exploited the vulnerability ourselves and all of the funds have been rescued.” The problem would have affected those with an infinite approval for the bridge contract. Infinite approval is part …

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