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India Shouldn't Throw Out the NFT Baby With the Crypto Bathwater

India Shouldn t Throw Out the NFT Baby With the Crypto Bathwater
NFTs could help Indian digital content creators seek royalties and unlike cryptocurrencies, do not pose the threat of developing into an unregulated currency.
An illustrated image shows US dollars, cryptocurrency and NFT written on a phone. Photo: Marco Verch/Flickr CC BY 2.0
Tech7 hours ago
If youâve been to any social media sites over the last month, chances are that you have come across the term NFT (or non-fungible tokens to give them their full name). From Twitter founder Jack Dorsey selling his very first tweet to Elon Musk selling a song about NFTs through NFT â it is safe to say that NFT is set to become a mainstay in the modern digital zeitgeist. And with promises of ensuring that artists, musicians and other creators can use it to be properly compensated for their work, it’s easy to see why NFT has become such an appealing prospect online. ....

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ETtech Morning Dispatch on Feb 24, 2021: Grofers is getting SPACed, Amazon readies NPCI rival

ETtech Morning Dispatch on Feb 24, 2021: Grofers is getting SPACed, Amazon readies NPCI rival
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Good morning,
It seems SPACs are everywhere these days. Grofers, the online grocery startup, is looking at going public in the US by merging with a blank-check company aka a SPAC floated by Cantor Fitzgerald, an investment bank and financial services company headquartered in New York. In other news, NPCI and by extension, UPI could soon see competition from the likes of
Amazon and Visa.
India’s
Hi, it’s Samidha.
An Indian founder told me recently that his company was “SPACable” yes, that’s an adjective now! It basically means that the startup is ready to take a plunge into SPACland. ....

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Blockchain mustn't get blocked: Regulate but do not ban Bitcoin

Blockchain mustn’t get blocked: Regulate but do not ban Bitcoin
FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
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Since I started writing this column on technology a couple of years ago, two things have been eminently predictable. One is Elon Musk, the richest man in the world now, doing unpredictable things: Boring tunnels, implanting chips in pigs’ brains, and christening his son unpronounceably. The second is the unpredictability of Bitcoin and cryptocurrency volatile, erratic, yo-yoing between $3,000 and $50,000 in this short time, and being simultaneously hailed as the next big thing or dismissed as a ‘digital tulip’, as speculative as the tulip mania of the mid-1600s. So, it was interesting when the two came together in a rather risqué cartoon tweeted by Musk, showing a pious pri ....

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ETtech Morning Dispatch on Feb 17, 2021: India's own goal on crypto; Koo sits on the fence

ETtech Morning Dispatch on Feb 17, 2021: India s own goal on crypto; Koo sits on the fence
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Today we look at how the government may end up scoring an epic own-goal with its proposed ban on cryptocurrencies. Experts say a ban won’t eliminate cryptocurrencies in India, as investors don’t need a middleman such as a bank or a crypto exchange to trade in them. Any ban will thus only drive cryptocurrency transactions further underground, which is the exact opposite of the government’s intention in banning them. Then again, bans that have the opposite of their intended effect aren’t exactly rare in India. ....

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Crypto community panics on news of pvt currency's exit

Bitcoin prices on Indian crypto exchanges fell 7-8% on Sunday afternoon after the government announced it would introduce India s cryptocurrency bill in the budget session of the Parliament. ....

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