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What can Web3.0’s potential mean for global financial landscape

As Web3.0 applications are vouched to take the decentralised ‘centre stage,’ experts seem to explore its possibilities for shaping the financial world. It is believed that the current financial system can benefit from enhancement in Web3.0 penetration. According to Grand View Research, a market intelligence firm, global Web3.0 blockchain market is expected to grow at […]

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How dApps can be a game changer for the Web3.0 ecosystem

It seems that Web3.0-based developments are expected to drive the demand for decentralised applications across different sectors. Experts believe that formulation of decentralised applications (dApps), which refers to software that operates autonomously through the usage of smart contracts, can help amplify the Web3.0-backed use cases and make the decentralised hub more independent, secure, and transparent. […]

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From Web2.0 to Web3.0; Decentralised Autonomous Organisations catch the fancy of Internet firms

Following Web3.0 applications such as decentralised finance (DeFi), non-fungible tokens (NFTs), Metaverse, it seems that decentralised autonomous organisations (DAOs), which are entities run by encoded computer programs, will be the next big thing. Industry analysts believe that DAOs can be a way for projects to show their commitment towards decentralisation through community governance attributes. As […]

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How KoinX is building a simple tax platform for Web3 transactions

Crypto taxes are confusing to many retail investors. India has recently implemented a 30 percent income tax on crypto profits and one percent TDS on crypto transactions, yet many questions remain unanswered. How are taxes calculated for transactions from crypto wallets like MetaMask, Trust, etc., – wallets that are anonymous? What about profits from DeFi […]

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KoinX raises $1.5M to build unified crypto tax platform for Web3 transactions

Indian crypto tax startup KoinX on Tuesday announced that it closed its seed round with a $1.5 million fundraise led by iSeed Fund, KubeVC, Ratio Ventures, Tykhe Block Ventures, 1947 Rise, and We Founders Circle. Other investors including Netflix, Bain Capital, Robinhood, Ripple, Amazon, Freshworks, and OYO also participated in the seed round. The startup […]