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Hey Waivly Crew! 🌊 Disney is searching to hire an NFT expert that will help lead the entertainment giant's efforts in the space. The Wormhole token bridge has lost 120,000 ETH in an exploit.

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Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!

Wormhole exploited for over $320M in crypto

One of the most popular cross-blockchain bridges, Wormhole, has fell victim to a hack worth over $320 million on Wednesday.

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Wormhole is a protocol that allows users to bridge assets across blockchains. It currently has $1 billion in total value locked with six supported blockchains: Solana, Ethereum, Binance Smart Chain, Terra, Avalanche, and Polygon.

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On Twitter last night, Wormhole revealed that it had been exploited for a total of 120,000 wETH and reassured users that “ETH will be added over the next hours to ensure wETH is backed 1:1,”.

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London-based blockchain analysis firm Elliptic has gone into detail on how the exploit was possible. “The exploit appears to have allowed the attacker to mint 120,000 wrapped ETH on the Solana blockchain, 93,750 ETH of which was then transferred to the Ethereum blockchain.”

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Analysts have since discovered that Wormhole failed to validate all input accounts, allowing the hacker to fake guardian signatures and mint 120,000 ETH out of thin air.

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Wormhole’s team has reached out to the hacker’s address and is offering the hacker a $10 million bounty for returning the funds.

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There’s no doubt this is the largest attack to date on Solana, and DeFi’s second-biggest exploit ever, right behind the $600M attack on Poly Network.

Google is looking at Blockchain and Web3

Sundar Pichai, CEO of Google and its parent company Alphabet, has revealed that he is closely watching the blockchain industry and Web3.

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“On Web3, we are definitely looking at blockchain,” Pichai said during Alphabet’s earnings call. “It's such an interesting and powerful technology with broad applications.”

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“As a company, we are looking at how we might contribute to the ecosystem and add value,” Pichai added. “One example, our Cloud team is looking at how they can support our customers’ needs in building, transacting, storing value, and deploying new products on blockchain-based platforms.”

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Late last month, Google’s online data storage services division, Google Cloud, created its digital assets team. The team has shared that the cryptocurrency space evolved dramatically over the past year. As a company based on innovation and development, it makes sense why it doesn’t want to fall behind its competitors entering the space.

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“We’re inspired by the work already done in the digital asset space by our customers, and we look forward to providing the infrastructure and technologies to support what’s possible with blockchain technologies in the future,” the team said.

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Google Pay also recently hired former PayPal executive Arnold Goldberg to lead its payment division in a move to enable its users’ access to a wider range of financial services, including cryptocurrencies.

The Waves

💰 FTX acquires Japanese crypto exchange Liquid

👓 Microsoft has reportedly killed its plans for the HoloLens 3

🎤 John Legend dives into NFTs with new ‘OurSong’ platform

🐕 The US is testing robot patrol dogs on its borders

Hustle Special

Unleash your creativity

Especially as an entrepreneur, it can be challenging to constantly be creative. We’ve all heard someone say, “I’m not really the creative type,” but this is a lie as everyone can be creative. Here are three ways how you can become a more creative person.

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Don’t stop looking

Never stop looking out for new and inspiration in your life. Simply spend a short period of your day browsing social media to see what other people in your industry are up to. Even if you’re not a fan of reading, pick up a book or start listening to a podcast from someone who inspires you, and you’ll be surprised how much more creativity you have after.

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Brainstorming is key

Brainstorming can be an amazing way to generate ideas, even if you are in a creative rut. When you are at a loss for ideas, create a mind map and write your main problem in the centre of the page. From here, draw lines from the centre outward, and add a related word, question, or concept to focus on. Continue to branch out and break down ideas until you’ve found what you’re looking for.

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Take a break

This might sound like the opposite of a solution to becoming creative, but just like any other muscle in your body, your brain needs to rest in order to perform to its full potential. Activities like going for a walk, spending time with your family, meditation, or even doing nothing at all can quickly help you get into a creative flow.

Disney is hiring an NFT expert

According to a new job post, Disney is looking to hire a Business Development Manager to help the company enter the NFT space. ⠀⠀

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The job listing, which was posted over the weekend, states the manager “will help lead Disney's efforts in the NFT space including monitoring the evolving marketplace, setting category strategy, and managing key partners.” ⠀

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Since last November, Disney has posted three other NFT-related jobs, most noticeably a ‘Culture Trend Marketing Manager’ for its subsidiary Hulu, that will help the streaming platform expand into other spaces, including gaming, NFTs, crypto, and the metaverse. ⠀⠀

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It seems like Disney is embracing everything Web3, as the company also has its own plans for the metaverse. With its ‘Virtual World Simulator,’ Disney has been building a realistic 3D virtual world, where park guests can be fully immersed in the Disney universe and interact with their favourite characters.

Own and secure your crypto with Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

Share The Wave

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*Waivly+ is a premium Waivly membership. Join at anytime by clicking “Subscribe” on the Waivly website, and cancel anytime by heading to your account on Waivly.

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