Rival fandoms abound in pop culture. Marvel vs DC Comics. Pokemon vs. Digimon. So it was only a matter of time before NFT artists and fans divided into two camps. Enter Bored Ape Yacht Club vs. Meebits, two projects that embody the contrasting creeds within the NFT movement, perhaps fated to become natural adversaries.   Meebits…

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…

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…

Kwenta, an exchange interface for Synthetix’s derivatives, has declared itself an “independent project operating outside of the Synthetix core contributors,” according to an announcement post. The project will also issue a token, KWENTA, that will be used to participate in governance and to “bootstrap the community and fuel an early development team.” It’s a sign…

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…

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…

In a sign of volatility in the blockchain-derivatives market, liquidations on the Synthetix platform skyrocketed to $19.4M, on June 11, a 30-fold jump from the next highest level on May 13, according to data from The Graph. . As worrisome as that spike might be, the liquidations were right in line with how the system…

Last weekend, Alchemix, which offers automatic repaying loans, shipped a vault that accepts ETH. Alchemix users will now be able to borrow alETH, Alchemix’s token that’s soft-pegged to ETH, using ETH as collateral. The collateralization ratio: 400%. The launch came with a debt cap of 2,000 alETH and it was reached within a day of launch,…

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…

User’s of the Zapper-Matic/ Polygon bridge have been experiencing issues recently. In this tutorial we demonstrate how to revoke token approvals using Polygonscan.