Mukesh Ambani, one of the world’s richest men settled in India’s financial capital, is prepared to explore the Web3 arena. The 66-year-old Indian billionaire disclosed his Web3-related plans during the 46th annual general meeting of Reliance Industries (RIL) that was held on Monday. While the Reliance chief aims to keep…
India is making its name as a lucrative startup hub for Web3 projects with its large pool of developer talent, the Bharat Web3 Association (BWA) has said sharing an analysed observation. India’s own crypto advocacy group, the BWA, was established in November last year, aiming to bridge the communication gap…
Indian Web3 experts and industry insiders believe that blockchain and cryptocurrencies are here because they were needed to finetune existing financial systems and benefit global fintech setup. Crypto experts echoed the sentiment on World Fintech Day, observed each year on August 1. The date marks the death anniversary of Cosimo…
Web3 security firm Olympix has garnered $4.3 million (roughly Rs. 35 crore) in a seed funding round lead by Boldstart Ventures. The startup merges the capabilities of blockchain and artificial intelligence (AI) to provide scalable cyber security solutions. This funding testifies to the growing interration of Web3 and AI that…
Asia, the largest continent comprising 51 nations, is garnering the attention of Web3 players from different parts of the world, owing to its diverse market. ‘Account abstraction’ or Blockchain-based smart accounts could be the next thing that could onboard billions of Asians onto Web3, industry experts seem to believe. Essentially,…
Web3 adoption, around the world, seems to be heating up with plenty happening around crypto rules and CBDC introductions in existing economies. Aiming to foster the growth of Web3 in Asia, the Near Foundation has entered a partnership with China’s Alibaba Group. Essentially, the Near Foundation is looking to use…
A collection of dog-themed NFTs have been launched by the German intelligence unit, Bundesnachrichtendienst (BND), hoping to attract promising cyber talent from among the public. The BND’s NFT collection will be a gate pass to enter a blockchain-based treasure hunt. People who manage to fare well in this difficult virtual…
As India continues to progress in nurturing, developing, and adopting modern technologies, its population of nearly two billion are also getting accustomed to the virtual convenience. The massive success of the UPI payment system — that is currently used by over 300 million monthly active users — is a testimony…
The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network. A torrent of speculative coins led to a record number of transactions and an 11-fold spike in processing fees on the blockchain in May, creating a logjam and forcing the Binance…
Mahesh Kumar Jain, the Deputy Governor of the Reserve Bank of India (RBI), has predicted that technologies like blockchain and Artificial Intelligence (AI) would be part of the future of finance. The RBI recently met with the directors of Indian banks. The aim of this meeting was to address concerns…
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