Web3 is poised to revolutionise global finance, with the potential to create a highly efficient global financial system beyond the speculative trading of digital assets. The convergence of fiat currencies and crypto on established blockchains such as Solana will be a key milestone in this transformation. The crypto-economy gamifies the development of Web3, rewarding users for their time and effort. …
BENGALURU: The crypto industry, which has been seeking a reduction in the rate of TDS on the transfer of VDAs from 1% to 0.01%, remained disappointed with the Budget as there was no mention of crypto or VDAs in Finance Minister Nirmala Sitharaman's speech. Dilip Chenoy, Chairperson, Bharat Web3 Association, said they will continue to push for rationalization of the …
BENGALURU: WazirX, which is the country's largest cryptocurrency exchange by volume, on Thursday paused INR and crypto withdrawals temporarily as it suffered a security breach. Crypto storage provider Liminal Custody in a statement said its preliminary investigations show that one of the self-custody multi-sig smart contract wallets created outside of the Liminal ecosystem has been compromised. It is also pertinent …
Generative AI has grabbed the limelight from Web3 in recent months. “Intersections of AI and Web3 reveal instances where large language models render on-chain data” that are humanly readable, Deep Gandhi, Investment Analyst with Hashed Emergent said. Belgium-based SettleMint, a low-code blockchain programming firm, added an AI assistant to its platform earlier this month to help Web3 developers write better …
New-age technologies that are witnessed today are transforming the world in several domains. With the digital transformation of the internet, Web3 is going to bring a steady state of data ownership for the common people and there will be several marketplaces where artists could present their NFTs. As the internet will be decentralised at several levels, the owners won’t have …