Blockchain & crypto news from India
According to sources, suggested legislation that would prohibit the use of cryptos as a mode of payment in India also anticipates making those who violate the law subject to arrest without a warrant and being held without bail. The government of PM Narendra Modi has earlier indicated that it proposes to prohibit most cryptos –…
Very few today understand what NFTs or how they work, but this free market for digital art and collectibles has gobsmacked big celebrities and organizations in the world, including the famed auction houses. The humble, struggling artist on the streets of Kolkata or Mumbai, on the other hand, can now dream of making hundreds or…
Intended to pursue retail players, cryptocurrency asset management platform Mudrex has introduced ‘coin sets’ enabling investors to invest in a number of mutual-fund-style cryptocurrency products. It is the first that such a product has been introduced for retail investors. Such investment products were previously available but accessible only to institutional investors and HNIs. Nexus VP…
Polygon, the famous Ethereum scaling solution has launched a new dedicated unit named Polygon Studios to concentrate on NFT and the rapidly growing gaming ecosystem. It stated that the new firm would aid ‘bridge the gap between Web3 and Web2 gaming’. Web 1 is usually considered to be the initial era of the internet when…
Everybody is almost aware that NFT stands for non-fungible tokens. Consider cricket as an example. There’s nothing that comes close to watching a live cricket match. Add to it, if your favorite player happens to score a hundred, it is more likely that you will be eager to capture that moment either by a photo…
A co-founder of Argo Blockchain a Bitcoin mining company is about to launch the IPO of a new crypto company. This newly introduced company will focus on decentralized finance. Dispersion Holdings will put money into the decentralized finance sector which uses blockchain technology and cryptocurrencies to remove intermediaries from financial transactions. Through joint braker together…
Opensea is one of the largest marketplaces for non-fungible tokens (NFTs). Non-fungible tokens are unique digital items that can be bought and sold. These digital items include collectibles, ownership records for physical assets, game items, digital art, event tickets, and even domain names. Who creates NFT art? NFTs are designed by artists, gaming companies, content…
Non-fungible tokens (NFTs) have been a matter well discussed, viewed, and analyzed in the crypto space. Vitalik Buterin believes that NFTs if channeled to a relevant and social cause such as charities and funding public goods, will transform its usability, but viewing it as a “casino that largely benefits already-wealthy celebrities” won’t make a social…
Non-fungible token (NFT) marketplace OpenSea plans to add Ethereum Layer 2 protocol in a bid to remove costly gas fees. OpenSea is one of the largest NFT marketplaces in the world and with the recent hype and high demand in tokenized art and music to digital wearables; it has been gaining more popularity and extreme…