#nftcritics

Market players think that cryptos can be viewed as an emerging asset because it is intangible, digital currency that uses advanced encryption to secure and verify transactions.

The notification of tax on crypto acquisitions in the Union Budget has raised the confidence of the crypto industry, especially the new players or startups. In the light of current growth across the globe, there are voices that India is hovering to appear as a global hub for crypto players and enterprises.

Budget 2022 explains that the Government of India does not consider cryptocurrency as a currency but as a virtual digital asset, said Vikas Ahuja, CEO of CrossTower India. he Government will treat cryptos as investments.

Indeed, India is honing its incredibly entrepreneurial skill, with large inhabitants of technology-driven young minds and budding startup culture.

On the contrary, Ishan Arora, Partner, Tykhe Block ventures, says that the tax is still relatively high for global crypto firms to be a destination.

By sharing more light around the sector, India will open up possibilities for the industry, Ahuja of CrossTower said.

According to Startup India, India is the third-largest startup ecosystem globally, with roughly 50,000 startups. Nearly 20 percent of these are technology startups.

With crypto-assets getting exposure and 'near-to-legal status in India, the blockchain startups will follow innovations, particularly the NFT marketplaces.

India's GDP can be raised by blockchain technology and alter various sectors, starting from - government projects, healthcare, supply chain, financial services, among others.

Prominent venture capitalist Marc Andreessen blocks the co-founder of Twitter, Jack Dorsey, on Twitter.

Here's the back story!

Today's online platforms are too centralized and controlled by a handful of large internet companies, like Amazon, Apple, Alphabet and Facebook parent company Meta.

Andreessen, who has earned billions off the back of early bets on companies like Facebook, has supported many companies operating on technologies that could one day lay a foundation for Web3.

With programmer Eric Bina, Andreessen also invented the first widely used, point-and-click web browser, which ultimately became Netscape.

Andreessen Horowitz has a page on its website called "web3 Policy Hub," with the subhead: "We Deserve a Better Internet."

Andreessen Horowitz says: "We remain focused on bona fide decentralized governance and believe decentralized systems naturally have inherent benefits when compared to the centralized platforms of web2. As such, we believe they will come to dominate web3 without the need for regulatory advantages."

Dorsey rebuked specific corners of the venture capital industry and made several explicit remarks about the firm Andreessen co-founded, Andreessen Horowitz.

Dorsey has represented multiple perspectives on "Web3" — a potential decentralized version of the internet based on blockchain. Perhaps most notably, the entrepreneur said Web3 would be owned by wealthy VCs like Andreessen instead of "the people, " after which Dorsey was blocked.

So this clearly states that Jack Dorsey is banned from Web3.0.

Is the thought of Web3.0 acing in the future a nightmare to Jack Dorsey? But why should Andreesen have to block him instead of claiming facts?

Beyond just digital art, NFTs are being used to experiment with new forms of storytelling, particularly in the case of advertising and marketing.

Let's be honest now. Would NFTs even hold any value if they are not marketed properly?

Of course not!

NFTs, it is neither unique nor is it an art. It is a swindle. Would you buy the code itself written on a slip of paper? Of course not. But that's what you're buying. It makes money for coders, just as cryptocurrency is a con for computer geeks to charge a fee for every economic exchange.

And the shallowness cannot be more ridiculous. They have taken the fact that works of art, being unusual, are valuable because many people want them at the same time. Adding code creates a completely mimicking work "unique" in the shallowest and most meaningless way. It's non-fungible, but only because of a piece of code.

So, would anyone buy a slip of paper? Of course not! At least I wouldn't do that! So to blindfold dummies like us who think the NFT arts are ugly, there's a new selling tactic; create a brand, add a story to it, and start hyping the brand up!

A tech blogger William Terdoslavich describes NFTs in interruptive ads vs visual storytelling. He commented that "companies are evolving away from interruptive trade to storytelling that viewers do not perceive as ads." He later adds that "the foundation for crypto-storytelling is the non-fungible token (NFT)" and that "crypto storytelling provides a marketplace for anyone to list their digital asset and sell it using cryptocurrency."

Blog and Vid

Is there a potential scope for Microsoft's Xbox to beat Meta?

The answer is a yes!

Tech Corporates worldwide are equipping for a new online innovation that will potentially conquer the virtual world. Investors are paying billions on realistic interfaces. They are ready to risk it all for technologies that furnish more splendid telepresence and carry emotions physically in a virtual space.

Microsoft is a gigantic company in the gaming space, and it has ascended its flag that contains Xbox gaming that can be more powerful than a virtual reality program. On the other hand, Facebook has access to the most extensive network through its social media platforms. It has revealed its Metaverse and changed its name to Meta.

Clearly, it's a neck-to-neck war!

Microsoft has expressed interest in obtaining Metaverse for video games. The immersive adventure will be on a new level by incorporating eCommerce and interacting with their favorite icons and players in new ways.

The new invention is created to attract users and create the illusion they are really in the reality they have entered. Instead of the usual two-dimensional screen, it helps take collaborative prospects to the next level by fetching users into a 3D environment where they interact closely with things around them. Metaverse is a good way of changing the future of virtual meetings and collaborative events with people across the world, giving Microsoft the upper hand.

With a bit of experience in gaming and having had very few game launches, it is doubtful for Meta to penetrate the Metaverse unless Mark Zukerberg doesn't believe in the traditional gaming system and has better alternatives mapped.