Creator royalties are the incentives that continue to push them to develop innovative projects, while also making a living out of it. For decades, only a handful of commercial, successful artists enjoyed the benefits of creator royalties. However, the advent of non-fungible tokens (NFTs) made creator royalties more mainstream, thereby even providing an average creator to benefit from this mode of compensation.

In India, many of the leading tech firms such as TCS and Infosys have started to use Web3 technologies over the last few years. The sector is still in its nascent stages of development, and many innovative projects have been undertaken across the country. However, in 2022, Flipkart, one of the leading e-commerce marketplaces in India, made major inroads into the world of metaverse and Web3 technologies.