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The fund has a singular mission: to bolster India's Web3 communities and a new era of dapps on Core Chain. Core Chain, the first Bitcoin-aligned EVM blockchain, is ready to ignite a spark in India’s Web3-driven population.
Core's Vision for India's Crypto Economy 🇮🇳
India has emerged as a global powerhouse in Web3 innovation. The government, recognizing this potential, is stepping onto the international stage to regulate Web3. Core's investment aims to empower Indian developers, fuel dapp development, and blend Bitcoin's security with Ethereum's flexibility.
The goal? To catalyze the growth of India's crypto economy.
From education to property, judiciary to drug logistics, these blockchain solutions—crafted on platforms like Hyperledger Fabric, Hyperledger Sawtooth, and Ethereum—guard against document forgery.
With digitally verifiable and tamper-proof certificates, India is not merely adapting to change; it's leading the charge.
The exchange, now valued at $1.9 billion post a Series C funding round, is not just celebrating; it's sharing the joy with a Bitcoin giveaway.
Revival of Indian Exchanges: Riding the Bitcoin Wave 🤝
CoinSwitch is not alone in its triumph; Indian exchanges like CoinDCX, WazirX, and BitBNS are basking in the resurgence of trading volumes. The recent surge in Bitcoin's price has not only invigorated the market but has also propelled trading volumes on local exchanges to a ten-month high in February.
Towards the Future: RBI's Digital Rupee and Web3 Dreams 👀
As the Reserve Bank of India (RBI) takes strides towards the digital rupee, plans are afoot to explore offline solutions. The aim? To enhance its adoption in areas where internet connectivity is a luxury. This holistic approach, coupled with the burgeoning interest in Web3 technologies, paints a vibrant picture of India's digital future.
In a journey marked by challenges, triumphs, and uncharted territories, India is boldly embracing Web3. As the ripples of change spread, the collective vision of Core Foundation, NIC, CoinSwitch, and other exchanges converges towards a future where India stands tall as a beacon in the ever-evolving landscape of decentralized possibilities.
The stage is set, and the spotlight is on India's Web3 Renaissance. The question is, are you ready to be a part of this transformative narrative? 💪
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Web3 messaging platform beoble receives backing from Animoca Brands, a leading gaming-focused venture capital firm. The collaboration plans to extend beoble's features across Animoca Brands' Web3 portfolio.
Onramp Money receives an investment from Funfair Technologies Group's venture capital arm. The collaboration promises accelerated development, leveraging FunFair's expertise and support for global expansion.
Utila, an Israeli institutional-grade crypto wallet provider, secures seed round led by NFX, Wing Venture Capital, and Framework Ventures. This wallet enhances tokenization capabilities, offering security and simplicity in crypto.
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Intropia is a community-driven platform for referral recruitment in Web3, simplifying the process of discovering and securing opportunities in the decentralized web. You're just one referral away from the best.
Aptos Foundation concludes Phase 1 of its grant program, awarding $3.5 million to 50 diverse projects focused on developer tooling, infrastructure, education, and ecosystem growth. Phase 2 grant applications are now open, reinforcing Aptos' commitment to fostering a thriving Web3 ecosystem.
The Balancer Community Grants, managed by the Balancer Grants DAO, is now accepting applications. Offering funding ($1K - $100K) to projects dedicated to advancing the Balancer Protocol, fostering innovation and growth. Ideal for developers contributing to decentralized exchange trades.
TWIW3 Pecks 🐦
Let’s get into Posty’s fresh pecks from the world of web3!
Artist and crypto enthusiast Robert Alice achieves a groundbreaking moment as TASCHEN releases the first major NFT art survey as Christie's debuts his new project, emphasizing NFTs' significance beyond financial speculation.
Sony files a patent introducing "Super-Fungible Tokens" (SFTs) for in-game use. SFTs merge gaming assets into a single NFT, offering players customization and true ownership using gaming mechanics to enhance NFT integration.
Governor Mark Gordon signs a groundbreaking bill into law in Wyoming enabling DAOs to form contracts, open bank accounts, pay taxes, and provides liability protection to members.
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