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Nailwal shared that India provides global blockchain firms access to massive number of Web3 developers, whom they can get to build applications on top of their chains at very low fees or for free.
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In a candid conversation with Moneycontrol, Nailwal spoke about dismantling the board, his comeback as CEO and rebuilding Polygon
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L2 blockchain firm Polygon is gearing up for business strategy overhaul under Nailwal’s leadership
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India also has 11.8 percent of the world’s crypto developers, the second largest crypto developer base globally, a report by Hashed Emergent has said
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L1 blockchain startup Aptos plans to double down on its India investment, after seeing nearly 6.5 million out of its 8.5 million total monthly active addresses coming from India, Ching said.
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‘Soneium’ is the consumer focused blockchain being developed by Sony Block Solutions Labs, a joint venture between Sony Group and Startale Group.
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'People need to get on to the Bitcoin bandwagon because it's going to be a big part of our future as a society,' Ching, a prominent Web3 industry name, tells Moneycontrol
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According to a Hashed Emergent report, the first nine months of 2024 saw funding activity into Web3 startups grow by 82 percent YoY to $462 million, a significant improvement from $254 million in the full year of 2023.
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The financing for KGeN, co-founded by gaming veteran Manish Agarwal, comes amid renewed optimism in the Web3 gaming sector
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Being recommendatory in nature, VDA platforms are expected to follow operational frameworks and protocols during the token listing process, the crypto and web3 industry body said.
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While there has been an 80% YoY decline in Web 3 funding in India in 2023, Hashed Emergent CEO Tak Lee said that the early stage venture capital firm has started seeing signs of recovery with more startups actively seeking to secure funds.
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Even though the Indian startup ecosystem often dismiss Web3 as mere "bitcoin and blockchain" overlooking its broader scope, its future looks to be as dynamic as it is uncertain
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Stan provides a platform for crеators to build, monеtisе communitiеs and offer usеrs a chance to interact with their favourite gaming creators or celebrities through digital collectibles
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The future for crypto appears bright with interoperability and scaling solutions promising a quicker and more secure environment. Bitcoin looks like it will see a bull run, laying the path for other crypto currencies.
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The ecosystem is set to grow by 300 percent in the next seven years.
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The NFT functions as a digital certificate of ownership, and opens up access to fractional ownership, wine events, virtual tastings and participation in auctions.
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To reach $200 billion, the Web3 and Metaverse market will grow at 40 percent per annum till 2035, as per an official statement.
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There is no doubt that there remains a gap in the regulation of upcoming Web3 technologies, along with the metaverse. In such an environment, Indian courts will be expected to evolve regulation through judicial precedent in a gradual piecemeal manner, by applying existing legal principles
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According to Hemant Taneja, the VC firm plans to invest 10-20% of the 11th General Fund, which has a total amount of approximately $4.6 billion, in India.
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The company plans to establish a dedicated team in India, led by Anil Kakani, VP & India Country Head at Algorand Foundation, and Nikhil Varma, the Tech Lead for AlgoBharat.
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Mobile Premier League's NFT marketplace launch comes amid a busy cricketing season in the country and a legal dispute with a rival.
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The duo’s visual tech startup Scapic was acquired by Flipkart in 2020 since then the founders were heading Flipkart Labs for building emerging tech solutions in house
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The FM said crypto assets and web3 are relatively new and evolving sectors, and require significant international collaboration for any specific legislation on these sectors to be fully effective.
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The January 23 launch was viewed by many as a significant failure for Porsche, with approximately 2,040 of the 7,500 NFTs available having been sold.
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The start-up will offer a common platform to the retail investor to automate crypto taxation by bringing all of their crypto transactions across multiple exchanges, P2P, private wallets and different blockchains in one dashboard
