Indian Web News Today

Although Web3 interest slowed significantly in 2023, some recent developments indicate that Asia might not be done with the technology yet.

Despite years of campaigns and demand for clear regulations, the Indian government has not offered clarity.

China issues legal guidance that gives NFT markets hope, Bitget invests $10M in Indian startups, SEBA Bank's Hong Kong license: Asia Express.

BT Hindustan Petroleum Corporation Limited (HPCL), one of India’s largest state-owned oil companies, has adopted blockchain technology to streamline its purchase order systems and to prevent forgery in the process. The PSU has partnered with Zupple Labs, an Indian Web3 start-up. In this partnership, Zupple Labs would help HPCL to issue tamper-proof digital purchase orders…

While India has made significant steps to standardise taxation, a high rate of TDS has caused a flight of volumes and users to platforms in foreign jurisdictions and the grey market. Following the announcement of a new tax regime, there was a shift of around Rs 32,000 crore of trade volume from domestic VDA exchanges to foreign ones from Feb-Oct 2022.

A big risk for users in any marketplace is information asymmetry. It could often lead to losses for the users either squarely because of fraud or at times due to misunderstandings of how the marketplace works. Additionally, not understanding the underlying technology as in case of VDAs could lead to further complications.

Some of the best Hindi web series on Netflix 2023 are Guns and Gulaabs, Kohrra, Scoop, The Romantics, The Fame Game, Class, Tooth Pari,

Social3 Partners with RV University to Advance Blockchain Education

Web3 and Metaverse present a remarkable USD 200 billion prospect in India, says Arthur D. Little, a prominent management consulting firm, in its groundbreaking report titled

The report, which is based on an in-depth analysis of the Web3 and Metaverse technologies, offers insight into their relevant use cases and impact on industries.