On Friday, The Walt Disney Company advertised a position for a principal counsel specializing in non-fungible tokens (NFT) and decentralized finance (DeFi). The listing alludes to the company's broader Web3 expansion across its various business lines. To lead its metaverse strategy, it appointed Mike White as senior vice president of next-generation storytelling and consumer experiences in February. White will be in charge of creating a "metaverse," or the fusion of in-person and digital experiences. Disney announced in July that its Accelerator program would focus on "creating the future of immersive experiences."
Following a breach that resulted in the loss of $610 million by cryptocurrency exchange Poly Network earlier this week, the company announced a $500,000 "bug reward" to whoever was responsible. With an emphasis on enabling users to move or exchange tokens across various blockchains, Poly Network is a decentralized finance (Defi) platform that enables peer-to-peer transactions intending to facilitate peer-to-peer transactions. He had "helped us improve Poly Network's security," the company said. A "white hat" hacker tries to disclose cyber vulnerabilities. "Mr. White Hat" was also to get a $500,000 reward as part of the digital money repatriation talks. It said that the hacker had replied to the offer, but did not specify whether or not the offer had been accepted. However, it has been reported that the hacker has returned $340 million in money and has transferred the bulk of what is left to a digital wallet owned by them and Poly Network, acc
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