Breaking Barriers: GPTScan's Game-changing Role in Smart Contract Security
With the combination of Generative Pre-training Transformer (GPT) and static analysis, GPTScan can detect logic vulnerabilities in smart contracts efficiently.
This year, the Web3 platform has lost more than $1.2 billion due to vulnerabilities
According to a recent report from Immunefi, a web3 bug bounty platform, the amount lost by the web3 platform due to malicious actors this year has exceeded $1.2 billion. In 2023, web3 suffered losses of $1.25 billion in 211 incidents, with a loss of $23.4 million in August alone. Since its launch on August 9th, Coinbase's Base network has suffered losses in four different projects, making it one of the most vulnerable chains, along with Ethereum and BNB Chain.
Hong Kong Legislative Council member Qiu Ta-kan submitted the three arrows and three circles policy initiative: comprehensively promote the development of the digital economy and Web3
On August 31, Hong Kong Legislative Council member (Technology and Innovation sector) Charles Mok submitted the Three Arrows and Three Circles Economic and Technological Development Policy Proposal, and put forward multiple suggestions, including the establishment of a HKD 5 billion angel mother fund by Hong Kong Investment Management Limited to stimulate investment in the science and technology industry, launch a quota investment introduction plan to attract potential growth-stage technology companies, establish a secondary market pairing fund to revitalize the secondary capital market, cancel or lower the stock stamp duty, issue tokens to support the development of the New Territories Science and Technology City, accelerate the launch of the digital Hong Kong dollar at the retail level, launch a Hong Kong dollar stablecoin sandbox, and provide policy incentives to encourage private institutions to issue compliant Hong Kong dollar stablecoins, hoping to use market forces to drive Hong Kong's economy to accelerate recovery, and through comprehensive promotion of digital economy and Web3 development, to create more new momentum for Hong Kong.
Web3 community gaming platform Iskra to hit $8 million in revenue by 2022
On August 30th, according to data tracked by VentureCap Insights on Singaporean regulatory filings, Iskra, a Web3 community gaming platform supported by mobile giants Line, Kakao, and Netmarble, had a profit of $900,000 and revenue of $8 million in 2022. According to the company's audit report, its revenue comes from "platform development and related services provided," but no further details were given. Iskra is estimated by LinkedIn to have over 50 employees and operates a hub for Web3 gamers and developers, allowing players to participate in blockchain-based games and trade tokens and other in-game assets on its platform.
Metal Band Megadeth Launches Megadeth Digital NFTs, Offering Exclusive Access to Fans
Megadeth, the renowned metal band led by Dave Mustaine, has rebranded their 'Rattleheads' NFTs into 'Megadeth Digital' and is making waves in the Web3 sphere. Fans can expect exclusive access to the band's world, including rare glimpses into their music and ethos, as well as unmissable gigs.
