Web3 and the Metaverse have the potential to create significant opportunities across various industries, including India. It's evident that these technologies can contribute to economic growth and innovation in the country. The Metaverse is poised to become a $13 trillion opportunity globally by 2030 and Indian Web3 and Metaverse market to reach $200 billion by 2035.
Web3 and Metaverse are two emerging concepts that are rapidly changing the digital landscape. Web3 refers to the decentralized web, powered by blockchain technology, that allows for secure and transparent digital interactions. On the other hand, the Metaverse is a virtual reality space where users can interact with each other and digital assets.
The report was built on an in-depth analysis of the Web3 and Metaverse possibilities for India with relevant use cases and delves into the potential impact in growth sectors. The report outlines the role of Web3 and Metaverse in building the next version of the Internet and leading the frontiers of the next wave of digital adoption for Indian industries.
Today's Headline in NewsHours
0:00 Intro
2:55 #Apple denies working with US to spy on iPhone users in Russia
3:32 More startups approach court as Google's 'notice' of June 8 deadline draws closer
4:11 #Dangerous spyware found in over 100 apps on Google Play
4:43 #MeitY transfers Li-ion battery recycling tech to 9 recycling companies & startups
5:25 Nvidia launches Neuralangelo that can use 3D models from videos
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Web3 lacks enterprise-level security solutions and there are new challenges of web3 that makes it prone to hacks. The Web2 that we have nowadays, is highly centralized in the hands of big corporations, but this is rapidly evolving to Web3. At the same time, the Metaverse is how the internet or virtual worlds will merge and integrate into our lives so that we will be able to interact with it seamlessly. The metaverse can be called Beyond Universe, a world which could have been called dystopia only till recently. This would bring into convergence most of the technologies, currently propelling our digital and business world. They would move to the next phase at scale, moving from 2D to 3D, persistence being the bedrock, interoperability being the norm, where ownership of various types inclusive of data becoming the predominant characteristics of the Metaverse age. Meta is defined as the world of avatars in the same setting that the normal world provides. Coming from the gaming tech thought process, we are barely at the cusp of the nascent Metaverse Age.
Web 3.0 is a concept for the next generation of the internet. It is the evolution of how users are able to control and own their creations and online content, digital assets and online identities. As we find AI seeping in different parts of our lives, the term Web 3.0 has also found its space on the shelf, and Apple’s Siri, Amazon’s Alexa, Google’s Assistant with their voice recognition software is one of the perfect examples of it. These voice assistants are now integrated with smart everyday home devices, which are transforming the way humans interact with or use them. Web 3.0 is initiating a digital revolution that will make manual communication techniques a thing of the past and will introduce an ecosystem where no one organisation or platform will be able to control your actions on the internet, a much needed upgrade to the current scenario we are in. Whereas, Web 2.0 is what we are experiencing at the mom
Technology video | 132 views
Web3 and the Metaverse have the potential to create significant opportunities across various industries, including India. It's evident that these technologies can contribute to economic growth and innovation in the country. The Metaverse is poised to become a $13 trillion opportunity globally by 2030 and Indian Web3 and Metaverse market to reach $200 billion by 2035.
Web3 and Metaverse are two emerging concepts that are rapidly changing the digital landscape. Web3 refers to the decentralized web, powered by blockchain technology, that allows for secure and transparent digital interactions. On the other hand, the Metaverse is a virtual reality space where users can interact with each other and digital assets.
The report was built on an in-depth analysis of the Web3 and Metaverse possibilities for India with relevant use cases and delves into the potential impact in growth sectors. The report outlines the role of Web3 and Metaverse in building the next version of the Internet and leading the frontiers of the next wave of digital adoption for Indian industries.
Today's Headline in NewsHours
0:00 Intro
2:55 #Apple denies working with US to spy on iPhone users in Russia
3:32 More startups approach court as Google's 'notice' of June 8 deadline draws closer
4:11 #Dangerous spyware found in over 100 apps on Google Play
4:43 #MeitY transfers Li-ion battery recycling tech to 9 recycling companies & startups
5:25 Nvidia launches Neuralangelo that can use 3D models from videos
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Technology video | 98 views
The initiatives taken by the government are addressing the under-penetration of banking and financial services, dearth of financial literacy & awareness as well as employment opportunities prevailing in Bharat. Other initiatives like #ONDC are democratising e-commerce in India and shaping the future of global ecommerce.
2023 is going to be a game changing year for the #ruralfintechecosystem. For the Indian economy to grow, the rural segment has to grow and with the pool of opportunities presented by technology and internet penetration, it will also take India towards the dream of a $5 trillion economy by the turn of this decade or sooner.
As we step into 2023, it will pave the way for a rural fintech revolution that will focus on cashless transactions, embedded finance, and open banking for hyper-personalization, leading to increased digital adoption thereby driving financial inclusion for the last mile.
Newer technologies like Web3 and crypto, while still in their nascent stage, have taken the world by storm and investors across the globe are realizing the multitude of opportunities it offers.
2022 has been a big year for the Web3 and crypto space, with new projects and protocols launched while existing ones continue to grow and evolve. The Ethereum upgrade was one of the major developments in the crypto industry, making the blockchain more scalable, secure, and sustainable paving the way for more efficient decentralized applications to be built.
Transparency in this industry has become a big area of focus and blockchain technologies such as merkle-sum trees and ZK-SNARKs are being used to build proof of reserves which we hope will bring added trust into the digital asset space.
In 2023, it will be the responsibility of all players in the crypto and Web3 ecosystem to foster a sense of security among its consumers. Putting in the right protocols and practices in place to avoid the impact of black swan events
Technology video | 160 views
India has over 450 active web3 startups – a rapidly growing ecosystem that has raised $1.3 bn funding till April 2022. This new generation of the web is expected to bring new avenues for websites and applications that are based on the utility offered by blockchain technology.
More than $3.8B has been poured into startups in the Web3 space — which includes the metaverse, cryptocurrencies, blockchain technology, and plenty of augmented reality features. The goal of Web3 is to move towards a decentralized internet, and away from larger tech players currently in control.
While global response to Web3 is still shaping up, India’s growing economy, demographic dividend, and exponential adoption of emerging technologies, across sectors, position the country to become one of the highest growth markets for Web3 globally. In the last two years, Indian Web3 startups have grown to a 450+ community, with 4 unicorns, raising $1.3 billion of total investments, until April 2022.
Between 2021-2022 alone, India registered over 170 new Web3 startups, yielding over 50% CAGR growth since 2015. With increasing confidence and interest from global investors, investments in Indian Web3 and Web 2.5 startups have also soared. The sector has witnessed robust funding across stages. New age incubators have pooled in over $587 million funding, as of Q32021.
Today, nearly 75,000 blockchain professionals are actively employed by the tech industry in India. Active collaboration between academia, startups, and corporates, and increasing number of blockchain-related government initiatives, will play a crucial role in driving the Web3 talent growth in the country, as per the report of NASSCOM.
Experts say, the technology underpinning Web3 has created a whitespace for innovation across domains and geographies. In order to fully understand and grasp the significance of the opportunity at hand, India must develop public awareness about this innovative technology
Technology video | 83 views
With advancements in technology, games have become more accessible and immersive than ever before, attracting people from all walks of life. The Gaming Market was valued at $198.40 billion in 2021, and it is expected to reach a value of $339.95 billion by 2027, registering a CAGR of 8.94% over 2022-2027.
Today, gaming has become a keystone in the entertainment sphere – replacing TV and even movies in key demographics. Constant innovation and technological advancement such as 3D graphics, VR, and AI that video games are continuously evolving and players want more realistic, fully immersive simulation for their gameplay.
Mixed-reality experiences, #Blockchaintechnology, NFT, and virtual worlds like #Metaverse are what web 3.0 would mean for the consumers. Hence, gaming companies have already started to work towards these advanced technologies for a better consumer experience in the gaming space.
Despite its popularity, this booming industry still faces many challenges such as guaranteeing fair play models and creating effective payment systems. Luckily, upcoming technologies like blockchain are gradually solving these pain points.
At its core, blockchain tech introduces decentralized and secure solutions that can be used to power a wide range of functions within the gaming industry. Most notably, non-fungible tokens; these are unique digital assets that can be traded and sold on secondary markets without third party interference.
Unlike the centralized traditional gaming ecosystems, NFTs allow gamers to truly own their virtual items and to participate in decentralized tournaments with minimal risk of fraud or tampering. Will the next era of games be hosted on blockchain?
Going forward, it is likely that most games will pivot into the metaverse. It is a new platform and a new application type, similar to how we talked about the web and websites in the early 90s. This explains why tech giants such as Microsoft and M
Technology video | 119 views
With inflation and tightening liquidity placing extreme pressure on the over-leveraged #cryptoecosystem, the #cryptocurrencies Bitcoin and Ethereum both have traded below their previous cycle all-time highs, a first in history, markets have plunged a great proportion into unrealized loss with all 2021-22 investors now underwater.
The cryptocurrency bear market cycle is the inverse of a bull market. It is characterized by significant price drops in cryptocurrencies that can last anywhere from a few days to several months and then a prolonged period of bearish market sentiment afterward. A bear market can have a variety of effects on your investments.
It's the first time that crypto and Web3 have existed in a macroeconomic bear-market environment, where there’s potentially a recession happening next year. If you are a long-term Hodler, this might not be a good time to liquidate all of your tokens.
Actually, the bearish market usually presents good buying opportunities. Warren Buffet-the world's most famous billionaire used to buy cheap stocks with strong earnings and long-term growth potential. So, don't be alarmed, and keep an eye on the long term.
For the past few months, the crypto markets have been in a bearish mode. Most cryptocurrency prices have been falling, and many people are selling their coins out of fear that they will never recover. However, when the market is in a slump, it is the best time to buy a cryptocurrency for the long term.
Many investors are employing this strategy at the moment because they believe that prices will recover at some point in the future. Even if you are not an investor, you may want to purchase a cryptocurrency now if you believe that prices will rise in the future.
There's a school of thought that says if investors believe prices will recover, they're probably correct. Others may argue that people shouldn't invest based on this belief. The bes
Technology video | 73 views
Blockchain technology has seen a widespread adoption in recent years. It is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. Apart from initial adoption into cryptocurrencies, today it is being used in healthcare, real estate, smart contacts, etc. However, improper implementation of the technology has also been the cause of many blockchain security issues, making the blockchain vulnerable and allowing attackers to perform several malicious activities.
Blockchain promises to solve the problem of bitcoin and other virtual currencies. The technology has the capability to transform the internet to an internet of value. But as things passed, blockchain started showing its true colours and projects both within the govt and private in a big way. It was accepted that this would be the future of the internet and as we can see now, the Web3 and the Metaverse world would be heavily dependent on it.
A blockchain documents each transaction details, identifying the sender, recipient, input amount, and output amount. Only the parties to a transaction can unlock the contents of the block because they only hold the private key that is necessary to open the data. But since each entry bears a hash, anyone can verify the existence of a transaction within the block.
The blockchain protocol is a special case of DLT, where the consensus protocol creates a daisy chain immutable ledger of all transactions that is shared across all participants. The cryptographic consensus protocol ensures immutability and irreversibility of all transactions posted on the ledger. The ledger itself can also be programmed to trigger transactions automatically. Hyperledger project has given it push when it needed to get into the use case stage.
Blockchain technology will transform business models from a human-based trust model to an algorithm-based trust model, which might expose firms to risks tha
Technology video | 118 views
Technology has become more of a necessity than a luxury, especially since the COVID-19 pandemic began. While technology does help connect us, excessive screen time can also lead to problems like eye strain. Because of this, we were curious to see if the pandemic has led to more eye issues in the last two years. The pandemic necessitated change in human lifestyle has put a tremendous effect on the vision power of the body. COVID-19 is a systemic disease that affects many areas of the body, including the eyes. All sorts of mental health issues can affect vision, including anxiety, stress and depression. A survey with more than 1,000 people who wear glasses and/or contacts to get feedback on their eye health and eye habits throughout the past few years. Turns out that many people are having vision problems…but are putting off going to the doctor. Two out of five people admit their eyesight has gotten worse since the onset of the pandemic. Nearly 70% report having more trouble seeing further away, and almost one-third are dealing with issues reading up close. Since March 2020, three out of 10 people have gotten stronger prescriptions for their glasses or contacts.
A survey reveals, one out of three admits to not getting their eyes checked over the last two years. In fact, 25% say they’ve actually avoided getting an eye test, even though they know they need one! Masks have also impacted how people wear glasses. More than one in 10 (13%) say they wear contacts now instead of glasses, purely because of masks. Meanwhile, 25% of respondents say they wear their glasses more because of remote work. Technology has taken over workplaces across the globe and almost one in four (38%) say they spend more than eight hours a day looking at screens for their jobs. That comes with a cost. 29% say they feel that working from home has made their eyesight worse. The top issues facing people who work remotely include eye strain, fatigue, headaches, and trouble sleeping. One out
Technology video | 77 views
The NFT Marketplace has exploded into the mainstream recently. This is because of incredible blockchain technology that promises to remake the internet and redefine how people think about ownership. The fact is NFT has the technology that existed then can seamlessly and flawlessly track authenticity and provenance in a decentralized, tamperproof manner. All this talk about Web3 can be a little disconcerting. After all, most of us are still adjusting to the new socio-political reality that social media created, so the thought of a new version of the internet can be overwhelming. Whereas, the NFTs shift, made the crypto paradigm by making each token unique and irreplaceable and thereby making it impossible for one non-fungible token to be equal to another. This is because they are digital representations of assets and have been likened to digital passports because each token contains a unique and non-transferable identity to distinguish it from other tokens. The world of crypto-bros and digital creators is no longer limited to non-fungible tokens. Luxury brands are also joining the fray by 2022. Taking advantage of the value that NFT ownership provides as well as the technological innovation they offer, a growing number of brands are partnering with market-places, crypto-artists, and other NFT-experts.
Web3 is a world-changing opportunity to make a better version of the internet and wrest it away from the behemoths who control it today. Web3 will make some people a lot of money. But many other people will lose their shirts. At the same time, NFTs are valued by market demand, and their individuality often drives this value higher. It’s the same principle the luxury industry uses, such as Hermès’ limited edition Birkin bags that drive a frenzy about obtaining them. So much buzz is being generated around their potential explosive combination partly because NFTs and luxury goods are both based on scarcity. It is also worth exploring whether NFTs can help r
Technology video | 68 views
The broadcasting industry is experiencing ever-increasing demand for original video content, reports Future Market Insights. Major competitors are spending billions on the production of new content to satisfy their existing audiences and also attract new viewers. With new changes in viewing patterns after the pandemic, over-the-Top platforms also posed a big threat to television viewership. However, broadcast players started realigning their goals, understanding these changing patterns and adopting agile approaches for content development. As a result, broadcasters have been working towards tailor-making their content that is adept to multiple platforms’ front-end user interfaces. This approach accelerated digital transformation in the broadcast industry by a few years and helped to believe that television and digital are indeed capable of growing hand-in-hand in India. Key factors that are expected to drive the growth of the market are the increasing penetration of mobile devices and internet users, growing demand for VoD streaming, technological advancements in the digital media industry, and the growing need for transcoding to deliver videos to maximum users and this trend will continue to take shape further in 2022 as well. The Indian OTT streaming industry is expected to grow to $13-15 billion over the next decade at a CAGR of 22-25%.
The OTT sector is also witnessing a rise in investments in Indian original content. This has led to growth in hours of original content available to users. There are several developers and broadcasters striving to boost their video streaming software and services by creating original content to enhance brand reputation. Availability and quality of premium live content on different devices continues to grow, as live video streaming is in its nascent stage. Viewers who were earlier watching live events and sports on TV have started to shift towards these platforms, mainly due to the availability of live video content as per
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Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink knowledge, Bartending and many more then this channel is for you. India is the biggest alcohol consumer in the world. We buy and consume more whiskey in the world than anyone else. This channel helps give information about your favorite drink. How to make fantastic cocktails at ho
Cooking video | 492 views
एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
#wine #Wineshelflife #cocktailsindia #dadabartender
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Home Bar Accessories - https://amzn.to/3LedEOv
Glassware - https://amzn.to/3KRPSrf
Ice mould - https://amzn.to/3EWlecr
Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink kn
Cooking video | 467 views