In the otherwise crypto-sceptic India, some Web3 sectors are making government-authorised inroads into people’s day-to-day lives. Metaverse, for instance, is one such Web3 technology. In a recent development, Devendra Fadnavis, the deputy chief minister of Maharashtra unveiled the ‘Mumbai Metropolis Metaverse’. This blockchain-based virtual portal will enable the estimated population…
eRupee, the Indian central bank digital currency (CBDC), was reportedly used to process transactions worth Rs. 5.70 crore in the first four months since it entered the retail trials phase. The information was disclosed by the Reserve Bank of India (RBI) as it responded to an RTI query initiated by…
Indian crypto and Web3 industry, for days, had been adding posts after posts on social networking platforms urging the government to ‘#ReduceCryptoTax’. Despite the outcry, India Finance Minister Nirmala Sitharaman did not even mention the crypto sector in the interim budget speech she presented in the parliament on Thursday, February…
US-based payments major Visa has been lauded by the crypto sector one too many times for keeping a friendly approach despite regulatory lags. Visa has now joined hands with Web3 payments infrastructure provider Transak. The aim is to allow Visa crypto card holders to convert crypto assets into fiat currencies…
Ahead of India’s 75th Republic Day, Indian crypto exchange CoinDCX has announced a grant programme for Indian Web3 developers in partnership with the Solana Foundation. The grant, worth Rs. 25 crore, aims to help bootstrapped Indian Web3 developers designing products on the Solana blockchain. In an official announcement shared on…
Earlier this month, leaders from the international financial sector gathered under one roof to attend the World Economic Forum held in Davos, Switzerland. The topics of blockchain, cryptocurrencies, and Artificial Intelligence were most discussed during this event. Several financial experts claimed that the integration of AI with blockchain elements could…
Stan, the Indian blockchain esports firm, has closed its Pre-Series A funding round as per an official announcement shared Tuesday, January 23. The company has bagged an investment of $2.7 million (roughly Rs. 22 crore) from several investors, including CoinDCX Ventures and Coinswitch Ventures. With the fresh inflow of capital,…
The Web3 industry seems to be on an ever-evolving movement where blockchain-based concepts arrive and die on an everyday basis. Last year, for instance, the sector of non-fungible tokens (NFTs) dropped to its record low in-terms of sales – but then the Ordinals category of these digital collectibles managed to…
China, that banned all uses of cryptocurrencies back in September 2021, is taking an interest in exploring the metaverse sector. The country has gathered a bunch of its native tech giants to form a body that would set the standards for use and exploration of metaverse in China. Huawei, Ant…
The overall Web3 industry witnessed a bunch of ups and downs in the year of 2023 – but in the midst of all the turmoil, it did manage to attract more attention and recorded a boom. The number of unique active wallets (UAW) that interacted with Web3 spiked by 124…
| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
| cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
| cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
| cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
| cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
| viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |