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<ul><li>Revise has raised $3.5 million in its first funding round led by AlphaWave Global and 8i.</li><li>The startup that allows developers to make <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> change their properties and react to real world events.</li><li>It plans to use this capital to aid its hiring and expansion plans.</li></ul>Revise — a startup that allows developers to make non-fungible token (NFT) more interactive — has raised $3.5 million in its first funding round. The goal of the startup is to make NFT change their properties, and this could change NFTs from static images to interactive ones that can react to applications and real-world events. One example of it can be a football NFT changing its media content based on the performance of a team in the real world. The company is also using data structure to add a layer of governance for storage that could help developers settle disputes, if any. Revise’s $3.5 million seed round was led by AlphaWave Global and 8i. Sandeep Nailwal of Polygon, Scott Lewis of DEFI Pulse, Utsav Somani of AngelList, Bharat Founders Fund and Rahul Chaudhary of Treebo also participated in this round. It plans to use this capital to aid its hiring and expansion plans. The company has been founded by serial entrepreneurs Anil Dukkitpatty and Raunaq Vaisoha, who previously build a blockchain startup Elemential Labs that world with large enterprises including National Stock Exchange (NSE), National Securities Depository Limited (NSDL), ICICI Bank and others. As NFTs go from culture to utility, Revise aims to lower the barrier to programming NFTs. With Revise in their toolkit, developers can offer creative and powerful utilities to their community through their NFT without sacrificing governance” Vaisoha added. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/telecom/news/5g-spectrum-auctions-in-india-in-june-5g-service-rollout-by-august-2022/articleshow/91169096.cms">5G spectrum auctions inch closer to reality, service rollout by August-September likely</a> <a href="https://www.businessinsider.in/stock-market/news/axis-bank-tata-power-biocon-vedanta-among-trending-stocks-to-watch-out-for-on-april-29/slidelist/91166780.cms" data-type="tilCustomLink">Axis Bank, Tata Power, Biocon, Vedanta among trending stocks to watch out for on April 29</a> <a href="https://www.businessinsider.in/stock-market/news/lic-ipo-grey-market-is-already-indicating-a-premium-of-45/articleshow/91162053.cms" data-type="tilCustomLink">LIC IPO: Grey market is already indicating a premium of ₹45 for the public issue that is opening on May 4</a>

Revise bags $3.5 million to make NFTs interactive

<ul><li> 80% Indian Web3 professionals are under 30, younger than the global average.</li></ul><ul><li> The survey was conducted from June 20th to July 3rd on <keyword id="11955106" type="General" weightage="100" keywordseo="kucoin" source="Orion">KuCoin</keyword>’s social media.</li></ul><ul><li>Shortage of women-led communities in the Web 3 workspace was revealed. </li></ul>KuCoin, a global cryptocurrency exchange announced the findings of its global survey report, “<a href="https://crypto-horizon.com/wp-content/uploads/2022/07/KuCoin_Journey-Into-Web3-Global-Study.pdf">Journey into Web3</a>” on Wednesday. The survey says that 34% Indians are professionals who have worked in Web3-related sectors. In this survey, Web3-related industries include cryptocurrency, metaverse, <keyword id="4668945" type="General" weightage="50" keywordseo="nft" source="Orion">NFT</keyword>, <keyword id="786882" type="General" weightage="50" keywordseo="dao" source="Orion">DAO</keyword>, DeFi, <keyword id="14580316" type="General" weightage="50" keywordseo="dapp-development" source="Orion">Dapp development</keyword>, blockchain-based gaming, DAO and the Web3 professionals are defined as those who have worked in the industry, whether full-time, part-time or freelance by project base. The survey respondents were polled between 20 June and 3 July 2022, with responses being collected via KuCoin’s social media handles (Twitter and <keyword id="28120" type="General" weightage="50" keywordseo="linkedin" source="Orion">LinkedIn</keyword>). No quota on geography, gender, age, or income was set. 72% of Web3 professionals in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> happy with their careers Report revealed that 80% of Indian Web3 professionals are under 30 years, while 47% of the Indian workforce who have heard but never worked for a Web 3 company have now joined the industry. Of all those surveyed, 72% of Web3 professionals in India are happy with their careers, recognizing the industry’s benefits such as space for growth and innovation and better welfare. Additionally, 60% of surveyed Indian users who never worked in Web3 are interested in exploring the space. Why are Indian women hesitant to join Web 3? The report flagged the shortage of women-led communities, educational resources, and the stress of fast-paced industry as key challenges for Indian women to work or invest in Web3. Even though globally women have worked as engineers or developers in the industry, they are less entrepreneurial, says the report. Only 27% started their own initiatives while 33% of women surveyed said they find “bro culture” challenging in the Web 3 space. <keyword id="13414209" type="General" weightage="50" keywordseo="johnny-lyu" source="Orion">Johnny Lyu</keyword>, CEO, KuCoin said, “ KuCoin conducted this global survey to understand how people think about Web3 as a career option. The findings of our “Journey into Web3” survey reveals the bright Web3 future in India. We are optimistic to see more women-led communities in the near future from India.” Medha B Dey Roy, Head of Branding, <keyword id="14580317" type="General" weightage="50" keywordseo="kucoin-india" source="Orion">KuCoin India</keyword>, said, “Women are more recognized for their transparent, empathetic leadership style and long-term mind-sets. These skill sets are crucial and play an important role in building a stronger Web3 ecosystem.” she added. Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in <keyword id="63095" type="General" weightage="20" keywordseo="seychelles" source="Orion">Seychelles</keyword>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/indian-sports-buffs-can-now-vote-for-their-favourite-teams-jersey-using-blockchain/articleshow/93183286.cms">Indian sports buffs can now vote for their favourite team’s jersey using blockchain</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/this-tech-startup-is-fighting-human-trafficking-one-game-at-a-time/articleshow/93184116.cms">This tech startup is fighting human trafficking, one game at a time</a>

KuCoin survey: 80% of Indian Web 3 professionals under 30 but women hesitant to join

As crypto winter deepens, the non-fungible token (<keyword id="4668945" type="General" weightage="80" keywordseo="nft" source="Orion">NFT</keyword>) marketplace <keyword id="12111739" type="General" weightage="100" keywordseo="superrare" source="Orion">SuperRare</keyword> is slashing 30 per cent of its workforce, its CEO <keyword id="15995339" type="General" weightage="50" keywordseo="john-crain" source="Orion">John Crain</keyword> has announced. In a screenshot posted on Twitter, <keyword id="4094889" type="General" weightage="80" keywordseo="crain" source="Orion">Crain</keyword> said they over-hired and he takes full A A ownership of this "mistake". "To correct course, we have made the difficult decision to rightsize our team, ensuring that SuperRare Labs will be able to continue serving our community of artists, collectors and curators while remaining the destination for the best cryptoart in the world," said the CEO. SuperRare raised $9 million in its Series A funding in March 2021, led by Velvet Sea Ventures and 1confirmation. Celebrities like <keyword id="219358" type="General" weightage="50" keywordseo="mark-cuban" source="Orion">Mark Cuban</keyword>, <keyword id="361584" type="General" weightage="50" keywordseo="marc-benioff" source="Orion">Marc Benioff</keyword> and Ashton Kutcher also invested in the NFT startup. The CEO said there is still much innovation and transformation yet to come for Web3, NFTs, cryptoart, decentralised finance and governance. "We are facing headwinds, yes - but there remains an incredible uncaptured opportunity as we continue building something totally new: a global digital art renaissance that is transparent, fair and that anyone can access from anywhere in the world," he said. Another leading NFT marketplace, OpenSea's co-founder and CEO Devin Finzer last year announced to lay off about 20 per cent of its total employees. "When the global economy is uncertain, our mission to build the foundation for new, peer-to-peer economies feels more urgent and important than ever. Winter is our time to build," he had said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/flexible-working-hours-can-benefit-productivity-work-life-balance-ilo/articleshow/96812963.cms">Flexible working hours can benefit productivity, work-life balance: ILO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/air-india-issues-show-cause-notices-de-rosters-4-cabin-crew-1-pilot/articleshow/96812818.cms">Air India issues show cause notices, de-rosters 4 cabin crew, 1 pilot</a>

NFT marketplace SuperRare slashes 30% of its workforce

<ul><li><keyword id="44033" type="General" weightage="20" keywordseo="hike" source="Orion">Hike</keyword>’s <keyword id="13026722" type="General" weightage="20" keywordseo="rush-gaming-universe" source="Orion">Rush Gaming Universe</keyword> has clocked in $100 million in annualised gross revenue since launching in March 2021. </li><li><keyword id="1245893" type="General" weightage="20" keywordseo="rgu" source="Orion">RGU</keyword> plans to double its revenue by the end of the year, according to Hike’s CEO and founder <keyword id="6567188" type="General" weightage="20" keywordseo="kavin-bharti-mittal" source="Orion">Kavin Bharti Mittal</keyword>. </li><li>In an exclusive interview with Business Insider, Mittal explains how reaching that target involves NFTs, new games and new features. </li></ul>Hike’s mobile-only gaming platform, The Rush Gaming Universe (RGU), has hit $100 million in annualised gross revenue in 15 months since going live. According to Hike’s founder, Kavin Bharti Mittal, the game is likely to double its gross revenue before the end of the year. <div type="image" title="RGU." msid="92128510" hostid="261"></div> “A large part of it is double down on the NFTs we launched a couple of weeks ago. And, increasing their spread across the application,” Kavin Bharti Mittal told Business Insider in an exclusive interview. The bite-sized gaming application currently has 10 games. According to Mittal, another four will be added in the next quarter. RGU also plans to introduce tournaments and a leaderboard feature in the coming months as well. <div type="ExtQuote" text="One [of the games] that we’re specifically excited about is a Battle Royale game – a PubG system game, a SPS, on the platform," auname="Kavin Bharti Mittal, CEO and founder of Hike, told Business Insider"></div> <cmsannotation type="cmsannotation" annotationid="Web2 &amp; Web3" comment="subhead" text="Web2 &amp; Web3">Web2 &amp; <keyword id="12465420" type="General" weightage="20" keywordseo="web3" source="Orion">Web3</keyword></cmsannotation> RGU launched its <a href="https://www.businessinsider.in/cryptocurrency/news/rush-gaming-universe-announce-whitepaper-with-a-roadmap-to-create-new-economic-opportunities-for-indians/articleshow/91614549.cms">whitepaper</a> last month, in which the platform highlights its underlying aim to create new economic opportunities for its community. “We’re very excited about that. It’s a new way of operating in web2. In web3, you’re completely transparent and out there,” Mittal told Business Insider. The roadmap for the coming year includes the launch of a ‘Special Access NFT’, a token, and the creation of an NFT marketplace. “Our goal is to embed the NFTs deeper into the gameplay to show people within the application that this is a real asset. That you can play with it and also unlock new economic opportunities,” explained Mittal. Despite the recent economic downturn, Mittal remains optimistic that RGU will be able to weather the storm. According to him, unlike crypto exchanges – like Coinbase and Gemini who have been laying off employees – gaming within the scope of play to earn (P2E) will actually end up posing an opportunity, akin to what happened with Axie Infinity during the pandemic. “Gaming becomes a way for people to unlock economic opportunity,” he said.

EXCLUSIVE: Hike’s RGU hits $100 million in annualised gross revenue with eyes on $200 million by the end of the year

<ul><li>Jump.trade, a <keyword id="12308260" type="General" weightage="50" keywordseo="sports-nft" source="Orion">Sports NFT</keyword> marketplace, organised its first <keyword id="399907" type="General" weightage="50" keywordseo="meta" source="Orion">Meta</keyword> Cricket League tournament finale for cricket fans. </li><li>Play-to-<keyword id="3972398" type="General" weightage="100" keywordseo="earn" source="Orion">earn</keyword> gamers in India can earn $500 per day, more than the average salary of an Indian. </li><li>Players need at least two NFTs to begin playing a Meta cricket game. </li></ul> It's not just the cricket megastars who can win hearts with their memorable shots. Now, even ordinary gamers in India can ‘Hit and Earn’ through cricket, albeit in matches played in the metaverse, with a chance of winning up to $500 per day. That’s ₹7,000 more than the average salary of an Indian in <a href="http://www.salaryexplorer.com/salary-survey.php?loc=100&amp;loctype=1#:~:text=A%20person%20working%20in%20India%20typically%20earns%20around%2031%2C900%20INR,%2C%20transport%2C%20and%20other%20benefits.">2022</a>. Jump.trade, a Sports NFT marketplace by GuardianLink, organized its first Meta Cricket League (<keyword id="6400346" type="General" weightage="80" keywordseo="mcl" source="Orion">MCL</keyword>) tournament finale in August, which was played in the virtual world. MCL is a ‘Play to Earn’ (P2E) blockchain game, where users can create teams of batsmen and bowlers to participate in real-time player-versus-player matches. Users can also form a team and earn rewards. “To begin playing the MCL game, users need to buy a combination of 1 Batsman NFT and at least 1 Bowler NFT from the platform,” explains Kameshwaran Elangovan, co-founder and chief operating officer at GuardianLink. Jump.trade is currently home to over 1,000 users who play MCL games everyday, earning up to $500 a day. Buy NFTs, play cricket Jump.trade sold 55,000 NFTs within nine minutes of going live, contrary to the subdued market interest for cryptos and NFTs this year. The first MCL grand slam finale, organised by GuardianLink and <keyword id="6354742" type="General" weightage="50" keywordseo="flipkart" source="Orion">Flipkart</keyword>, was played on 7th August. A prize pool of $10,000 was created, to be divided among 500 shortlisted players. The winner was awarded $1,000, while the second and third places won $600 and $400 respectively. Rest of the prize money was distributed to the players according to their positions on the MCL leaderboard. Play-to-earn games in India The play-to-earn games are gaining momentum in India. The Indian online gaming market alone is <a href="https://images.assettype.com/afaqs/2021-06/1ef54dc8-61db-410d-893e-957ce23e0103/Beyond_the_tipping_point__A_primer_on_online_casual_gaming_in_India_low_size.pdf">projected </a>to reach 657 million users by 2025. “India has gained the top spot in terms of the adoption of NFT games and play-to-earn games, with 34% of those surveyed reporting they have played P2E games, and an additional 11% willing to play such games in the near future,” said <keyword id="10022012" type="General" weightage="50" keywordseo="parth-chadha" source="Orion">Parth Chadha</keyword>, CEO and co-founder of <keyword id="326118" type="General" weightage="50" keywordseo="stan" source="Orion">STAN</keyword>, a blockchain esports startup in India. An increasing number of companies are showing interest in blockchain gaming in India. For instance, Tezos India announced a grant of over $10,000 to support blockchain gamers in India. STAN, launched in May, has over 100,000 downloads of the app already. E-commerce giant Flipkart is also exploring the blockchain gaming landscape – it sponsored the MCL Grand Slam Tournaments’ finale, where it also publicised its web 3 platform ‘FireDrops’. “Sponsoring the Meta Cricket League Finale was as much about positioning FireDrops among relevant audiences as about learning about the emerging play-to-earn ecosystem,” said Naren Ravula, VP of product strategy and head of Flipkart Labs. FireDrops, a web 3-based feature powered by <keyword id="12461986" type="General" weightage="50" keywordseo="guardian-link" source="Orion">Guardian Link</keyword>, went live on Flipkart on July 22. Customers can buy NFTs on Flipkart that gives them exclusive access to merchandise online and promotional events offline.

Hit and earn: Indian cricket fans can win as much as $500 a day playing cricket in the metaverse

<ul><li><keyword id="5940" type="PERSON" weightage="20" keywordseo="Louis-Vuitton">Louis Vuitton</keyword>’s smartphone game ‘Louis: The Game’ will release on Android and iOS devices next week.</li><li>It will feature Louis Vuitton’s mascot Vivienne, and players will have to go through a quest-filled journey about the brand’s history.</li><li>The game will also reportedly feature embedded NFTs.</li></ul>The world’s most valuable luxury brand, Louis Vuitton — estimated to be worth $47.2 billion — is launching a video game embedded with non-fungible tokens (<a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">NFTs</a>). The game, called ‘Louis: The Game’, is a first-person story quest. And, the main character is the luxury brand’s mascot Vivienne, a wooden doll who ventures out on a journey across the company’s history. <div type="image" title="vivenne" msid="84883402" hostid="261" caption="&amp;lt;p&amp;gt;The game will feature Louis Vuitton&amp;#39;s mascot Vivienne.&amp;lt;/p&amp;gt;"></div> The hype behind NFTs saw a whopping <a href="https://www.businessinsider.in/cryptocurrency/news/nft-sales-volume-soared-to-2-5-billion-in-the-first-half-of-2021-as-artists-celebrities-and-even-twitter-and-cnn-joined-the-crypto-craze/articleshow/84203543.cms">$2.5 billion</a> in sales volume during the first six months of 2021. Whether or not Louis Vuitton’s NFTs will be valuable or not is a question that is yet to be answered, but it may pique the interest of digital savvy and younger customers. The French brand is no stranger to crypto or <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">blockchain</a> technology. It has been using digital certificates to <a href="https://www.lifestyleasia.com/sg/style/fashion/louis-vuitton-prada-cartier-aura-luxury-blockchain-technology">authenticate</a> its products. Each certificate shows the raw materials used in a product, where it was manufactured, and where the product was ultimately bought. Louis Vuitton’s latest experiment, Louis: The Game, will hit the shelves on August 4 on both Android and iOS. <cmsannotation type="cmsannotation" annotationid="Louis Vuitton’s NFT game will at least be pretty" comment="subhead" text="Louis Vuitton’s NFT game will at least be pretty">Louis Vuitton’s NFT game will at least be pretty</cmsannotation> Vivienne, embellished in the iconic Louis Vuitton flower design, will lead the quests, according to a report by Austrian publication <a href="https://kurier.at/freizeit/mode-beauty/louis-vuitton-handy-game-ios-iphone-android/401444422">Kurier</a>. As Vivienne progresses through the game by completing various quests — each of which unfolds one part of the brand’s history — users will be able to pick up collectible items in the form of NFTs. The gameplay seems quite generic with the focus more on the visuals that will portray the brand’s history. It’s not confirmed if the game will be available globally or only in select regions. <cmsannotation type="cmsannotation" annotationid="This is not the first time that Louis Vuitton’s has come out with a video game" comment="subhead" text="This is not the first time that Louis Vuitton’s has come out with a video game">This is not the first time that Louis Vuitton’s has come out with a video game</cmsannotation> This isn’t Louis Vuitton’s first foray into games. Back in 2019, Louis Vuitton <a href="https://hypebeast.com/2019/7/virgil-abloh-louis-vuitton-endless-runner-video-game">launched</a> a video game on its website to showcase its creative director Virgil Abloh’s FW2019 runway collection. It’s an endless runner game where players collect Louis Vuitton-themed tokens as they jump over obstacles — like Subway Surfer or Temple Run. <div type="javascript" title="Instagram" contenttype="Video"><cdata><![CDATA[ ]]></cdata></div> Lightning, the protagonist of Final Fantasy XIII, was featured in Louis Vuitton’s Spring-Summer 2016 collection. The brand also partnered with Riot Games to launch a capsule collection for League of Legends — players could buy limited edition skins for their characters. <div type="image" title="lv x lol" msid="84883453" hostid="261" caption="&amp;lt;p&amp;gt;Louis Vuitton x League of Legends &amp;lt;/p&amp;gt;"></div> This time, the NFT game is in commemoration of Louis Vuitton's 200th birthday. The brand also has a documentary planned on Apple TV called Looking for Louis, and other events for later this year. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/indias-coindcx-may-be-the-newest-crypto-exchange-to-join-the-unicorn-club/articleshow/84854934.cms">India’s CoinDCX may be the newest crypto exchange to join the unicorn club: Report</a> <a href="https://www.businessinsider.in/cryptocurrency/news/after-seizing-47-million-south-korea-wants-to-double-down-on-crypto-tax-evaders/articleshow/84854750.cmshttps://www.businessinsider.in/cryptocurrency/news/after-seizing-47-million-south-korea-wants-to-double-down-on-crypto-tax-evaders/articleshow/84854750.cms">After seizing $47 million from crypto tax dodgers, South Korea is looking to tighten the net</a> <a href="https://www.businessinsider.in/cryptocurrency/news/maharashtra-karnataka-and-telangana-plan-to-use-ethereum-in-their-fight-against-fake-degrees/articleshow/84823688.cms">This Indian startup is using Ethereum to help Maharashtra, Karnataka and Telangana fight against fake degrees</a>

The world’s most valuable luxury brand is launching a video game with NFTs

<ul class="summary-list"><li>"<keyword id="12435437" type="UNKNOWN" weightage="60" keywordseo="gamefi" source="Orion">GameFi</keyword>" could transform <keyword id="6357332" type="UNKNOWN" weightage="60" keywordseo="gaming" source="Orion">gaming</keyword> business models and power the digital economy, according to Huobi's Jeff Mei.</li><li>Investors are fired up by the rapid use case of decentralized finance and excitement around making money off <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> games like <a href="https://markets.businessinsider.com/news/currencies/ethereum-axie-infinity-cryptocurrencies-tokens-slp-axs-markets-2021-8">Axie Infinity</a>.</li></ul><a href="https://www.coindesk.com/learn/gamefi-how-to-earn-crypto-playing-games-online/">GameFi</a> is one of the hottest technologies in the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> ecospace, and early investors can expect gaming-related collectibles to power virtual economies, according to Jeff Mei, director of global strategy at crypto exchange Huobi. "Users want the hottest, most innovative, the most creative, the most promising assets on the market," he told Insider in a recent interview.GameFi, the intersection of decentralized finance and the gaming industry, is attracting mass attention from the crypto community and the biggest gaming guilds in the sector. The business model allows for players to obtain a share of the dividends brought in from game development, with their most common feature being "play to earn".Mei laid out two reasons behind its rise: the evolution of financial mechanisms in games, and users liking that they can make money by playing.He said Huobi, which has a<a href="https://twitter.com/HuobiVentures/status/1437767564214558727"> $10 million fund</a> dedicated to emerging GameFi projects, is invested in coaching and incubating several early-stage projects because "this is going to be a very hot industry."Huobi's fund will back GameFi projects in the start-up stage to make an impact in the blockchain world, via marketing and PR support, financial and legal advice, and introductions to potential partners. "Our investment teams and our research teams are always working around the clock to find these products," Mei said. Supernova, Immutable, and Rangers Protocol are some of the first projects Huobi's investment arm funded. <div type="image" title="Jeff Mei, Huobi's director of global strategy." height="539" width="1078" msid="87431631" hostid="261"></div>"We want to help users find the best projects that might have value, the best projects that might have some type of innovation, some type of quick adoption," he said. "There's so many projects out there that are 'vaporware' - they're fake. They just want to make money and run away."Huobi, which was founded in China in 2013, no longer operates in its country of origin. The exchange is now looking to expand its presence in countries with high crypto adoption rates and a large retail trader base, including India, Vietnam, and Turkey.Mei explained that the rationale behind Huobi's expansion strategy, which seems concentrated in Southeast Asia, is that GameFi has huge potential in the region. "We'll be focusing a lot on more retail uses," he said. "For example, in Vietnam right now, one of the most popular GameFi projects is Axie Infinity." The ethereum-based game, created by Vietnamese developer Sky Mavis, saw its daily active users <a href="https://markets.businessinsider.com/news/currencies/ethereum-axie-infinity-cryptocurrencies-tokens-slp-axs-markets-2021-8">top a stunning 1 million</a> for the first time in August, in just three years of its launch.The game's main characters are axolotls called Axies, which are non-fungible tokens, or NFTs, that can be sold or purchased.<a href="https://dappradar.com/nft/collections">NFT collections</a> have surged this year, driven by burgeoning demand for play-to-earn games, or as some call it - GameFi. The NFT market hit a record $2.5 billion in sales by July 2021, versus just $13.7 million in the first half of 2020, according to NonFungible.com. Huobi is set to launch its own NFT marketplace in November.That boom comes from the emergence of layer 2 scaling solutions for ethereum, which has allowed crypto enthusiasts and web 3.0 gamers to trade and mint NFTs without exorbitant transaction fees. "Gaming has always been hot in Southeast Asia, for example in Korea and Japan. That's the kind of area where we want to go in," Mei said.While Huobi itself is building some unique projects, it's mostly testing the waters with new, cutting-edge players.

A top crypto exec shares why GameFi is so hot right now - and lists 2 reasons why play-to-earn-games like Axie Infinity are taking the market by storm

<ul><li>The non-fungible token (NFT) ‘Everydays: The First 5000 Days’ by <keyword id="10848595" type="UNKNOWN" weightage="20" keywordseo="beeple">Beeple</keyword> was sold for a whopping $69 million at a Christie’s auction last week to <keyword id="10920362" type="UNKNOWN" weightage="20" keywordseo="Metakovan">MetaKovan</keyword>.</li><li>MetaKovan has revealed himself to be entrepreneur Vignesh Sundaresan, who was also the founder of the now defunct Coins-e exchange.</li><li>According to him, he made the purchase to show the world the equaling power of crypto.</li><li>However, an independent blogger Amy Castor, suspects that Beeple and Sundaresan may have been in cahoots to increase the value of the rest of Beeple’s collection within the B20 project. </li></ul>A piece of digital artwork — a non-fungible token (NFT) — was put under the hammer in the UK and was sold for $69 million last week. It’s the third-highest price ever paid for a work by a living artist, according to the legacy auction house Christie’s. While the sale of ‘Everydays: The First 5000 Days’ was a historic moment for Christie’s, Beeple — whose real name is Mike Winkelmann — and the art world in general, many were left wondering about the mystery man who made the bid using the pseudonym MetaKovan. <div type="image" title="Screenshot (681)_edited" msid="81583556" hostid="261" caption="&amp;lt;p&amp;gt;Beeple&amp;#39;s &amp;#39;Everydays: The First 5000 Days&amp;#39;&amp;lt;/p&amp;gt;"></div> It turns out, it wasn’t just one man, but two entrepreneurs from Tamil Nadu who are currently settled in Singapore — Vignesh Sundaresan who goes by MetaKovan and Anand Venkateswaran, also known as Twobadour. “The point was to show Indians and people of colour that they too could be patrons, that crypto was an equalising power between the West and the ‘rest’, and that the global south was rising” said the two in a blog post revealing their identity. <keyword id="10952496" type="UNKNOWN" weightage="20" keywordseo="who-is-metakovan">Who is MetaKovan</keyword>? Sundaresan, an alumnus of the US-based startup accelerator Y-Combinator, discovered crypto in 2013. At the time he had no money. So, he looked to the global and open network of Bitcoin to earn some cash. This led to him offering escrow services, and eventually setting up an exchange in Canada called Coins-e. This was Sundaresan’s introduction to the world of cryptocurrencies. But, his true turning point was when he invested in the world’s first Initial Coin Offering (ICO) of Ethereum. The money that came in was used to fund multiple projects like Polkadot, Tezo, Dfinity, Decentraland, Flow and others. And, the same fountain of gold is what created Metapurse — “a crypto-exclusive fund that specialises in identifying early-stage projects across blockchain infrastructure, finance, art, unique collectibles, and virtual estate.” Basically, if there’s any worth spending money on in the crypto space, then Metapurse wants to be a part of it — like Beeple’s artwork. “As founder and steward of Metapurse, they are charged with helping build the metaverse. We now know they can do the heavy lifting, backed by a growing team,” said the blog post explaining the roles of Sundaresan and Vekateswaran, respectively. The controversy around Metapurse Metapurse’s first experiment was the B20 project. Sundaresan and Venkateswaran bought about 20 single edition art pieces by Beeple for $2.2 million. Subsequently, it set up the collection. Not in the real world, but in bitspace. The two men sought out prime real estate in the virtual world, signed on virtual architects to create monuments, and infused these structures with an original soundscape. And, this is where things get complicated. When Sundaresan created the B20 project, he gave himself 59% of the outstanding tokens and 2% of it went to Beeple. According to an independent blogger <a href="https://amycastor.com/2021/03/14/metakovan-the-mystery-beeple-art-buyer-and-his-nft-defi-scheme/">Amy Castor</a>, this represents a conflict of interest. The two may have been in cahoots to ensure that the ‘Everydays: The First 5000 Days’ artwork, by Beeple, gets added to the Metapurse collection. <div type="image" title="Screenshot (682)_edited" msid="81583576" hostid="261" caption="&amp;lt;p&amp;gt;Close up of one of the images within &amp;#39;Everydays: The First 5000 Days&amp;#39;&amp;lt;/p&amp;gt;"></div> WhaleStreet, the decentralised market for swapping tokens, hosted the B20 sale on January 23. Around 1.6 million B20 tokens were sold at $0.36 apiece. After the auction, this shot up to $23. This means the sale of Beeple’s latest NFT boosted the value of the entire collection by over 6000%. At the time of writing this article, the value of B20 tokens have come down $8.28, according to <a href="https://coinmarketcap.com/currencies/b20/">CoinMarketCap</a>. According to Castor, Beeple’s share is still worth over $3 million if he sells his coins quickly and there’s enough liquidity to actually sell them. “Since I published this article, Sundaresan has written to me and asked me to take it down. I refused, but agreed to make edits if he could point to anything specific that was wrong — so far, he hasn’t,” wrote Castor. SEE ALSO: <a href="https://www.businessinsider.in/policy/news/indias-supreme-court-looks-into-allegations-of-nearly-four-crore-ration-cards-being-cancelled-because-they-were-not-aadhaar-linked/articleshow/81570339.cms">A Dalit mother lost her ration card and then her child to starvation — her fight for justice has now become a national cause at the Supreme Court</a> <a href="https://www.businessinsider.in/international/news/japan-is-the-only-country-that-does-not-allow-same-sex-marriage-within-the-g7/articleshow/81563467.cms">Japan’s same-sex marriage ban ruled ‘unconstitutional’ as India’s LGBTQ community waits in hope</a> <a href="https://www.businessinsider.in/science/space/news/finnish-photographer-jp-metsavainio-took-over-a-decade-and-1000-hours-of-photography-to-create-this-picture-of-the-milky-way-and-20-million-stars/slidelist/81563516.cms">It took over a decade and 1,000 hours of photography to create this picture of the Milky Way</a>

The man who bought Beeple’s $69 million NFT reveals his identity to show the equalising power of crypto — but is caught in a controversy himself

The <keyword id="163934" type="COMPANY" weightage="20" keywordseo="National-Stock-Exchange-of-India">National Stock Exchange of India</keyword> (<keyword id="6354646" type="COMPANY" weightage="20" keywordseo="nse">NSE</keyword>) subsidiary NSE Data &amp; <keyword id="6359249" type="COMPANY" weightage="20" keywordseo="Analytics">Analytics</keyword> on Wednesday announced <keyword id="6355120" type="UNKNOWN" weightage="20" keywordseo="investment">investment</keyword> in technology start-up Capital Quants Solutions (CQS). The latest investment is a part of NSE's programme for investment in the fields of 'Analytics, Digital, Robotics, Security, <keyword id="107950" type="COMPANY" weightage="20" keywordseo="artificial-intelligence">Artificial Intelligence</keyword>, <keyword id="294572" type="COMPANY" weightage="20" keywordseo="machine-learning">Machine Learning</keyword>, <keyword id="6355684" type="COMPANY" weightage="20" keywordseo="Blockchain">BlockChain</keyword>'. The India based technology start-up focuses on providing software products using Machine Learning (ML) and Natural Language Proficiency (NLP). "The investment in CQS is a part of NSE's program for investment in the fields of 'Analytics, Digital, Robotics, Security, Artificial Intelligence, Machine Learning, BlockChain etc.' where start-ups require early stage financing and incubation to expand and realise their full potential," said Vikram Limaye, MD &amp; CEO, NSE. "Through such partnerships with select start-ups, which have demonstrated technological potential, NSE Group aims to further strengthen its technology leadership. These fields present innovative solutions and breakthrough technologies, which could potentially change the future of capital markets in India and the world." SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/nazara-technologies-ipo-opens-today-should-you-subscribe/articleshow/81542657.cms">Nazara Technologies will be the first pure-play gaming company to debut on the Indian public markets – analysts are all in for it</a> <a href="https://www.businessinsider.in/stock-market/news/suryoday-small-finance-bank-initial-public-offer-ipo-worth-581-crore-live-should-you-subscribe/articleshow/81543610.cms">Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-turns-down-1-million-for-the-tweet-he-was-selling-as-an-nft/articleshow/81546434.cms">Elon Musk turns down $1 million for the tweet he was selling as an NFT</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-easemytrip-ipo-allotment-and-listing-date/articleshow/81548106.cms">EaseMyTrip IPO allotment live – how to check allotment, listing date and more</a>

NSE subsidiary invests in data analytics startup Capital Quants

<ul><li><keyword id="6354742" type="General" weightage="100" keywordseo="flipkart" source="Orion">Flipkart</keyword>’s metaverse shopping space <keyword id="15279828" type="General" weightage="20" keywordseo="Flipverse" source="Orion">Flipverse</keyword> will allow customers to access various digital collectibles. </li><li>Brands including Puma, Noise, Nivea, Lavie, Tokyo Talkies, Campus, Ajmal Perfumes are participating in the Flipverse. </li><li>Phase one of Flipverse is an <keyword id="6355645" type="General" weightage="50" keywordseo="android" source="Orion">Android</keyword> only experience, and will be live for a week. </li><li>The metaverse market value is expected to reach $1.3 billion by 2030. </li></ul>Flipkart, one of India’s largest e-commerce platforms on Monday announced the launch of Flipverse - a metaverse space where consumers can shop in a photorealistic virtual destination. Flipverse will give customers access to brands, Supercoins and digital collectibles, using the web3 technology being provided by Polygon-incubated company eDAO. Polygon is arguably India’s most famous crypto startup. The objective of the launch is to 'flip' the shopping narrative, Flipkart said. “The launch of Flipverse will continue to have an impact on innovative industries like e-commerce and enhance the customer experience while delivering a gamified and an immersive shopping experience, especially in light of the adoption of the metaverse and web3 platforms by multiple brands in India,” <keyword id="9730459" type="General" weightage="50" keywordseo="naren-ravula" source="Orion">Naren Ravula</keyword>, VP and head, product strategy and deployment, Flipkart Labs, said. Flipverse will enable a multiverse of brands to create unique product launches for engaging users. Brands including Puma, Noise, Nivea, Lavie, Tokyo Talkies, Campus, VIP, Ajmal Perfumes, Himalaya, Butterfly India etc. would be participating in this edition, Flipkart said. Flipverse will be available on Flipkart’s newly launched platform,<a href="http://firedrops.flipkart.com/"> FireDrops</a>, which can be accessed from the e-commerce platform’s app, the company said. Phase one of Flipverse is an Android only experience, and will be live for a week, from October 17. The idea is to have millions of users experience Flipverse and open the doors to the future of shopping, Flipkart said. Metaverse is a hyper-immersive virtual world whose value is steadily increasing. The market is expected to reach $1.3 billion by <a href="https://economictimes.indiatimes.com/tech/technology/metaverse-emerging-as-a-fast-developing-technology-sector/articleshow/94865535.cms">2030.</a> “While we have only just begun to scratch the surface of what's possible in the metaverse, we see e-commerce as one of the killer use cases. Combining top brands with Flipkart's e-commerce expertise in a virtual environment stands to revolutionise online retail as we know it,” <keyword id="11257748" type="General" weightage="50" keywordseo="sandeep-nailwal" source="Orion">Sandeep Nailwal</keyword>, co-founder of Polygon, said. “Flipverse can unlock much value over time, but for Diwali, we simply optimised for delight. Bringing creative and technical heft to Flipkart’s vision is a privilege for eDAO,” Anand Venkateswaran, CEO of eDAO said. In July this year, Flipkart entered the world of web3 partnering with Nothing phone, announcing special perks for the customers through ‘Nothing NFT drops’. Flipkart and eDAO had also recently partnered to create a digital treasure hunt during Flipkart’s Big Billion Days sale. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/indians-above-40-are-feeling-younger-healthier-than-gen-z-millennials-report/articleshow/94918231.cms">Indians above 40 are feeling younger &amp; healthier than Gen Z, millennials - report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/pvr-reports-net-loss-of-71-23-crore-in-q2-attributes-it-to-bollywood-hollywood-flops/articleshow/94917917.cms">PVR reports net loss of ₹71.23 crore in Q2, attributes it to Bollywood, Hollywood flops</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/you-can-travel-in-these-countries-with-the-indian-rupee-but-there-are-limits/slidelist/94913764.cms">You can travel in these countries with the Indian rupee, but there are limits</a>

You Searched For "nft startups india" and got 10 results

Revise bags $3.5 million to make NFTs interactive

Kritti Bhalla

KuCoin survey: 80% of Indian Web 3 professionals under 30 but women hesitant to join

Eetika Kapoor

NFT marketplace SuperRare slashes 30% of its workforce

IANS

EXCLUSIVE: Hike’s RGU hits $100 million in annualised gross revenue with eyes on $200 million by the end of the year

BI India Bureau

Hit and earn: Indian cricket fans can win as much as $500 a day playing cricket in the metaverse

Eetika Kapoor

The world’s most valuable luxury brand is launching a video game with NFTs

Marcia Sekhose

A top crypto exec shares why GameFi is so hot right now - and lists 2 reasons why play-to-earn-games like Axie Infinity are taking the market by storm

Shalini Nagarajan

The man who bought Beeple’s $69 million NFT reveals his identity to show the equalising power of crypto — but is caught in a controversy himself

Prabhjote Gill

NSE subsidiary invests in data analytics startup Capital Quants

IANS

It’s time to shop in the metaverse as Flipkart launches Flipverse

Eetika Kapoor

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