Blockchain & crypto news from India
India founded Polygon blockchain, which is a preferred second level Ethereum scaling solution, recently crossed 138,081 unique active wallet addresses (UAWs) that are related to gaming. Data from DappRadar in a recent Blockchain Games Report shows a 53% rise in active wallets on Polygon compared to February. The other popular blockchains for gaming are Hive…
The National Bank of Australia recently send stable coins on the Ethereum blockchain in what is its first cross-border pilot payment. The bank also used smart contracts for various global currencies, thus testing the use of cryptocurrency for its large clients located outside the country. The bank has created its Australian stablecoin, AUDN, that will…
Web3 music platforms are another upcoming service that will bring NFT, metaverse and blockchain into the global music scene. As a creative object or work of art, a song or album can be incorporated into an NFT and traded with royalty rights for the artist. Warner Music Group recently tied up with NFT marketplace Opensea…
Telangana is taking regular steps to prepare the state for Web3 blockchain services, the new integration of the internet and world wide web with blockchain technologies, where users will own their identities and data. The state officials have recently launched a sandbox, an experimental, live platform to test and explore Web3 products and solutions in…
Reaching out to user traffic, followed by user content, and now user’s crypto wallet, the world wide web has evolved to offer direct services to users around the world. Nike, the global sports and retail merchandise maker, has entered Web3 with .SWOOSH. On SWOOSH, everyone, from consumers to athletes, can “design and own” virtual creations…
Japan has been among the first countries to legalize and adopt cryptocurrencies. In Web3, it is quickly learning the potential use cases in both public and private sectors. The latest development is that of telecom operator NTT Docomo planning to invest in the new technology to address social issues. For this the company has signed…
Want to join the Web3 revolution? Set up your wallet, get some Bitcoin or Ether and welcome onboard. A little wallet tucked on the browser’s tool bar is bringing about the next great revolution in the world wide web, or loosely called, the internet. Not everyone is impressed though, and least of all, the founder…
After Amazon’s AWS service taking a good share of blockchain operation by running a significant number of Ethereum nodes, Google Cloud too entered the node hosting space. The Blockchain Node Engine will be a fully-managed node hosting service that will support Web3 development beginning with Ethereum. Web3 has become the buzz word for 2022 after…
Flipcart, the e-commerce platform that competes with Amazon in India, has launched its metaverse shopping experience. The metaverse is a 3D space where users enter with their digital avatars and carry out various activities. Flipcart’s service is called Flipverse, and can be accessed using its mobile app. “Our mission with FireDrops is to bring the…
Blockchain needs to address local and user-centric problems, and that’s the theme of this year’s Web3athon: A Hyperlocal, People-First Crypto Hackathon, organized by CoinDesk and CRADL. The finale of the 2-stage event that was launched during Consensus is scheduled for next week, with participants coming from 17 different time zones. A total of $500K in…