There’s no reputation system in the decentralized world of web3, so it’s hard to figure out which entities and individuals to trust and depend on. © 2024 TechCrunch. All rights reserved. For personal use only.
Terrapin isn’t likely to be mass-exploited, but there’s little reason not to patch.
This exploit isn’t the only problem Curve — and the broader crypto space — is facing.
Lens Protocol, a web3 product aimed at creating a decentralized social networking ecosystem, has raised $15 million, its team told TechCrunch exclusively. The protocol is being built by Aave, a web3 technology firm, that allows users to lend and borrow crypto tokens from one another, among other things (Aave has raised a known $49 million…
LayerZero Labs, a web3 messaging protocol, has closed a $120 million Series B round, raising its valuation to $3 billion from $1 billion, the company said on Tuesday. Unlike Web 2.0 messaging platforms like WhatsApp and Telegram, this messaging protocol lets users send different types of messages between blockchains, like cross-chain interactions, eliminating the need…
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