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India’s Web3 Ecosystem Has Over 400 Firms, Karnataka Emerges as Industry Hub: Report
The BWA report has observed that the area of blockchain solutions have emerged as the Web3 vertical with the largest concentration of companies operating within it. Presently, 79 firms have been identified by the BWA for conducting research and development work around the use cases of blockchain technology.
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What is Sony Bank’s NFT App ‘Connect’?
Sony Bank has released an NFT app named ‘Connect’, aiming to let its customers hold, trade, and collect digital collectibles. While the app is not yet available in India, Google Play Store statistics show that the newly launched app has already surpassed a thousand downloads.
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Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
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IRCTC Unveils NFT Tickets for Lucknow-Delhi Tejas Trains as Holi-Themed Digital Souvenirs
The IRCTC unveiled the first look of these NFTs through its very active X handle. From the looks of it, these NFTs will show sketches of the historic landmarks of Delhi and Lucknow against colourfully shaded backdrops.
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Asset Tokenisation, DeFi for Masses: Giottus CEO Lists Crypto Trends Poised to Succeed in 2024
The global Web3 industry is set to see the rise of certain market trends in the year 2024. As per Vikram Subburaj, the CEO of India’s Giottus crypto exchange – DeFi, Layer-2 blockchain networks, asset tokenisation, and AI tokens are expected to rise in popularity in the Web3 landscape.
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Flipkart Teams with Polygon to Scale Web3 Loyalty Programme FireDrops
Flipkart is set to ramp up its Web3 loyalty programme, FireDrops, in its attempt to test deeper waters of the NFT world. To do so, the ecommerce giant has joined forces with the Polygon blockchain. Arun Phillips, the Chief Marketing Officer at Polygon, announced this development during the Polygon Connect India event this week.
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‘Discover India Through Digital Art’: Club Mahindra on its First Ever NFT Series
Indian hospitality brand Club Mahindra has launched its first ever NFT series called ‘Discover India’. The collection will have a total of 25 artworks, priced between Rs. 10,000 and Rs. 12,000. Club Mahindra has handpicked some resorts, landscapes of which AI will merge with the artworks of maestros like Pablo Picasso, Vincent van Gogh, and Leo...
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Coinbase Plans to Push Institutional Investors into Web3, Defi, NFTs Amid Rattled India Operations
Coinbase has launched a new Prime Web3 Wallet service that would help institutional investors get safe and one-tap access to all their digital asset requirements. This would include asset custody solutions as well as instant access to dApps. To help companies stay ahead of security threats, the wallet will provide approval alerts, transaction previ...
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Japan’s Casio Watch Brand Takes its G-Shock Line to Metaverse with Polygon: Details
In partnership with eco-friendly blockchain Polygon, Casio is set to launch a collection of 15,000 free-to-mint G-Shock Creator Pass NFTs on September 23. The 15,000 creator pass NFTs will be made available in Japan, India, the US, Germany, Italy, and Netherlands among other nations.
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Complementary NFTs for Crypto Taxpayers in India: TaxNodes Hatches Game Plan
In order to get more Indian crypto investors to pay their taxes, TaxNodes has decided to offer complimentary NFTs to taxpayers using its platform. The tax computation platform has partnered with Polygon Labs to offer these non-fungible tokens as incentives for crypto taxpayers.
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Snapchat to Let Users Add Links to Other Social Platforms With Linktree Partnership: Details
Snapchat has partnered Linktree to let its users show links to their works posted on different social networking platforms. Linktree has also offered three months of premium services to Snapchat users, which will allow them to include their email IDs, phone number collection, even NFTs on their Linktree profiles.
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Indians More Familiar with Metaverse Compared to Web3, NFTs: Report
Out of over a thousand surveyed participants from India, 53 percent are familiar to metaverse, a study by Consensys and YouGov said on Wednesday, June 28. Over 1,000 people were surveyed from India, out of which 41 percent said they had some knowledge about Web3, while 42 percent said they were aware about what NFTs are.
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Skoda Launches ‘Skodaverse’ NFT Platform in Crypto-Sceptic India: Details
Skoda has launched its own NFT platform called the ‘Skodaverse’ in India. The NFTs from Skoda will be loaded with benefits like lower gas fees, interoperability for multi-platform usage, and ideal for trading on marketplace.
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Digital Art, Virtual Metaverse Properties Drawing Indians to NFTs, Blockchain Gaming: STAN CEO
Indians are flocking towards the Web3 sector via NFTs and blockchain gaming at a time when the government remains sceptical about the crypto sector. Indian players are obtaining in-game items and characters as NFTs, which possess utility and value within the gaming universe, Parth Chadha, the CEO of Indian Web3 firm STAN told Gadgets 360.
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Bitcoin Ordinals Cross 7 Million Mark, Indian Web3 Insiders Say NFTs are Here to Stay
The number of Ordinal inscriptions exceeded the mark of seven million earlier this week. Between April 21 and May 15, the number of Bitcoin Ordinals spiked from 1.24 million to the current number of 7,204,882. This means that in the last 25 days, the Ordinals inscription on the Bitcoin blockchain rose by a whopping 480 percent.
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India’s Web3 Ecosystem Has Over 400 Firms, Karnataka Emerges as Industry Hub: Report
The BWA report has observed that the area of blockchain solutions have emerged as the Web3 vertical with the largest concentration of companies operating within it. Presently, 79 firms have been identified by the BWA for conducting research and development work around the use cases of blockchain technology.
-
What is Sony Bank’s NFT App ‘Connect’?
Sony Bank has released an NFT app named ‘Connect’, aiming to let its customers hold, trade, and collect digital collectibles. While the app is not yet available in India, Google Play Store statistics show that the newly launched app has already surpassed a thousand downloads.
-
Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
-
IRCTC Unveils NFT Tickets for Lucknow-Delhi Tejas Trains as Holi-Themed Digital Souvenirs
The IRCTC unveiled the first look of these NFTs through its very active X handle. From the looks of it, these NFTs will show sketches of the historic landmarks of Delhi and Lucknow against colourfully shaded backdrops.
-
Asset Tokenisation, DeFi for Masses: Giottus CEO Lists Crypto Trends Poised to Succeed in 2024
The global Web3 industry is set to see the rise of certain market trends in the year 2024. As per Vikram Subburaj, the CEO of India’s Giottus crypto exchange – DeFi, Layer-2 blockchain networks, asset tokenisation, and AI tokens are expected to rise in popularity in the Web3 landscape.
-
Flipkart Teams with Polygon to Scale Web3 Loyalty Programme FireDrops
Flipkart is set to ramp up its Web3 loyalty programme, FireDrops, in its attempt to test deeper waters of the NFT world. To do so, the ecommerce giant has joined forces with the Polygon blockchain. Arun Phillips, the Chief Marketing Officer at Polygon, announced this development during the Polygon Connect India event this week.
-
‘Discover India Through Digital Art’: Club Mahindra on its First Ever NFT Series
Indian hospitality brand Club Mahindra has launched its first ever NFT series called ‘Discover India’. The collection will have a total of 25 artworks, priced between Rs. 10,000 and Rs. 12,000. Club Mahindra has handpicked some resorts, landscapes of which AI will merge with the artworks of maestros like Pablo Picasso, Vincent van Gogh, and Leo...
-
Coinbase Plans to Push Institutional Investors into Web3, Defi, NFTs Amid Rattled India Operations
Coinbase has launched a new Prime Web3 Wallet service that would help institutional investors get safe and one-tap access to all their digital asset requirements. This would include asset custody solutions as well as instant access to dApps. To help companies stay ahead of security threats, the wallet will provide approval alerts, transaction previ...
-
Japan’s Casio Watch Brand Takes its G-Shock Line to Metaverse with Polygon: Details
In partnership with eco-friendly blockchain Polygon, Casio is set to launch a collection of 15,000 free-to-mint G-Shock Creator Pass NFTs on September 23. The 15,000 creator pass NFTs will be made available in Japan, India, the US, Germany, Italy, and Netherlands among other nations.
-
Complementary NFTs for Crypto Taxpayers in India: TaxNodes Hatches Game Plan
In order to get more Indian crypto investors to pay their taxes, TaxNodes has decided to offer complimentary NFTs to taxpayers using its platform. The tax computation platform has partnered with Polygon Labs to offer these non-fungible tokens as incentives for crypto taxpayers.
-
Snapchat to Let Users Add Links to Other Social Platforms With Linktree Partnership: Details
Snapchat has partnered Linktree to let its users show links to their works posted on different social networking platforms. Linktree has also offered three months of premium services to Snapchat users, which will allow them to include their email IDs, phone number collection, even NFTs on their Linktree profiles.
-
Indians More Familiar with Metaverse Compared to Web3, NFTs: Report
Out of over a thousand surveyed participants from India, 53 percent are familiar to metaverse, a study by Consensys and YouGov said on Wednesday, June 28. Over 1,000 people were surveyed from India, out of which 41 percent said they had some knowledge about Web3, while 42 percent said they were aware about what NFTs are.
-
Skoda Launches ‘Skodaverse’ NFT Platform in Crypto-Sceptic India: Details
Skoda has launched its own NFT platform called the ‘Skodaverse’ in India. The NFTs from Skoda will be loaded with benefits like lower gas fees, interoperability for multi-platform usage, and ideal for trading on marketplace.
-
Digital Art, Virtual Metaverse Properties Drawing Indians to NFTs, Blockchain Gaming: STAN CEO
Indians are flocking towards the Web3 sector via NFTs and blockchain gaming at a time when the government remains sceptical about the crypto sector. Indian players are obtaining in-game items and characters as NFTs, which possess utility and value within the gaming universe, Parth Chadha, the CEO of Indian Web3 firm STAN told Gadgets 360.
-
Bitcoin Ordinals Cross 7 Million Mark, Indian Web3 Insiders Say NFTs are Here to Stay
The number of Ordinal inscriptions exceeded the mark of seven million earlier this week. Between April 21 and May 15, the number of Bitcoin Ordinals spiked from 1.24 million to the current number of 7,204,882. This means that in the last 25 days, the Ordinals inscription on the Bitcoin blockchain rose by a whopping 480 percent.
