ethscription

ChainCatcher message: According to on-chain and Twitter news, the first GameFi project in the Ethscriptions ecosystem, Uncharted Lands X, successfully completed its IDO today, raising 150 ETH in just 3 hours.Uncharted Lands X is an on-chain adventure game similar to the Age of Discovery, with a development team consisting of members from Europe and Asia, several of whom have previously worked at NetEase and Perfect World. The previously released 10,000 NFTs sold out in 3 hours and have collaborated with multiple top exchanges for events.It is reported that Uncharted Lands X plans to launch a closed beta version soon, and IDO token holders and NFT owners will have priority to participate in the closed beta.

ChainCatcher news, the Ethereum inscription protocol Ethscriptions has open-sourced a new indexer, Ethscriptions Indexer, allowing anyone to reproduce the entire state of the Ethscriptions ecosystem using only an Ethereum node. At the same time, the new indexer implements the protocol specifications on ethscriptions.com, with new features including faster speeds, real-time inscription numbers, state proofs, immediate access to historical states, and more.

ChainCatcher news, the OKX Web3 Wallet Discover section has now added an Ethscriptions area, helping users interact with popular Dapps in a one-stop manner and explore the inscription ecosystem.It is reported that, in addition to the Ethscriptions area, the OKX Web3 Wallet Discover section also supports various hot areas such as DeFi tools, popular Linea projects, popular LayerZero projects, popular Starknet projects, and Friendtech tools, which can help users quickly find hot DApps and interact with them with one click.

ChainCatcher news, the creator of the Ethereum inscription protocol Ethscriptions, Middlemarch, tweeted that Ethscriptions has encountered an attack, resulting in approximately 123 addresses losing about 202 Ethscriptions due to this vulnerability. The vulnerability is not in the Ethscriptions protocol itself, but in a specific smart contract, and the protocol itself as well as other applications running on it were not affected.Middlemarch stated that the reason for the vulnerability is that the contract cannot access the state of Ethscriptions, meaning the contract itself cannot know who owns a particular Ethscription, and users may end up paying for a non-existent Ethscription. The most direct way to avoid such exploitation is to require a trusted third party to confirm which deposits are valid. However, in this case, the person holding the private key that can confirm which deposits are valid is a single point of failure. The team plans to write a reference implementation to allow the protocol itself to perform the confirmation.

ChainCatcher message, the creator of the Ethscription protocol Middlemarch has released ESIP-1, which will go live at block height 17672762 (Eastern Time July 12 at 04:30). After it takes effect, the contract will be able to facilitate Ethscription transfers, provided that the contract holds Ethscription at the time the event is emitted. If there are multiple valid transfers, calldata will be processed first, followed by events in the order of log index. (Source link)

ChainCatcher message, according to OpenSea data, since the launch of the Ethscriptions protocol in mid-June, the trading volume of Tokens issued based on this protocol has exceeded 568 ETH (approximately 1.06 million USD).According to The Block, despite this, the protocol is currently still in a highly speculative phase, lacking a clear value proposition. However, its creator Tom Lehman asserts that Ethscriptions provides a cost-effective alternative for Ethereum NFTs. (source link)