|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
The Sandbox's Largest Market for Creators Is Now India: Co-Founder Sebastien Borget
Sep 04, 2024 at 07:28 pm
India has more than 66,000 creators on the Metaverse platform compared with 59,989 creators in the U.S. and 25,335 in Brazil.
India has emerged as Metaverse platform The Sandbox's largest supplier of content creators, with over 66,000 users developing games for the immersive environment. This figure surpasses the 59,989 creators in the U.S. and 25,335 in Brazil.
The Sandbox, a Web3 project, had announced its plans to make India its largest market in December. The platform is now aiming for 1 million users in two years, according to CoinDesk's interview with co-founder Sebastien Borget.
Several projects, run either directly by The Sandbox or with its Indian venture, BharatBox, have largely contributed to this growth. BharatBox is partially backed by CoinDCX, an Indian crypto exchange with about 16 million users.
"India became the No. 1 overall across all countries ... thanks to all the different boot camps and education programs that we've run on the ground, either directly with BharatBox or with some of our partners, like CoinDCX," Borget stated.
BharatBox was initially capitalized with $1 million, and another $200,000 will be deployed by the fourth quarter, according to BharatBox CEO Karan Keswani. While The Sandbox raised $20 million at a $1 billion valuation earlier this year, India didn't need further investment because the venture was designed to be "self sufficient and autonomous," capable of generating its own revenue, Borget added.
"We've proven that India is not like just the tech workforce of the world," Borget said. "We've shown that blockchain projects can be successful by introducing development blockchain but also in the content and entertainment side."
Indicating a successful foray into the nation's cinema industry, 1,060 avatars of the highly successful Indian film, Jab We Met, were sold within two weeks of the collection going on sale.
"I think we are still not in the bull market" in the larger Web3 market, Borget said.
According to him, the industry has seen a rise in interest since the approvals of spot-crypto exchange-traded funds (ETFs) in the U.S., which have brought more institutional money into crypto, but that hasn't translated into more user adoption specifically because it's not retail investors using their savings to put into crypto.
However, strong interest in Web3 adoption has continued because of the emergence of better-quality new games and the messaging service Telegram's distribution network, Borget said.
Borget also commented on the arrest last week of Telegram CEO Pavel Durov in France on charges including being complicit in allowing illicit transactions and the dissemination of child exploitation material on the platform.
"Privacy is a fundamental right but if an application is being used to commit serious crimes, we cannot be neutral and not help the authorities," Borger stated.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Nervos Network (CKB) Whales Make Strategic Move, Shift Focus to Exciting New Contender: Mpeppe (MPEPE)
- Sep 17, 2024 at 02:30 am
- In the fast-moving world of cryptocurrency, where innovation is the name of the game, whales — those big-time investors who hold vast amounts of crypto
-
- Bitcoin (BTC) Might Reach $70K in the First Week of October, Here's Why
- Sep 17, 2024 at 02:30 am
- Bitcoin [BTC] had a bullish weekend, briefly testing the $60K mark before pulling back. At press time, it traded at $58,272, reflecting a momentary retreat
-
- Nervos Network (CKB) Price Prediction 2024, 2025, 2026: Why CKB Whales Are Adding Mpeppe (MPEPE) to Their Portfolios
- Sep 17, 2024 at 02:30 am
- Nervos Network (CKB) has caught the attention of the broader crypto community, with its price soaring by 55% in the last 24 hours.
-
- Bitcoin Accumulation Frenzy Resumes as $1.3B Worth of BTC Exits Crypto Exchanges
- Sep 17, 2024 at 02:25 am
- Data from IntoTheBlock has revealed a new accumulation trend amongst Bitcoin investors. According to the financial service platform, roughly $1.29 billion worth of BTC has exited various Centralized Exchanges (CEXs) in the last week.
-
- Permissionless Labs Raises $10M to Disrupt Internet Infrastructure With DeVIN Pipe Network
- Sep 17, 2024 at 02:25 am
- Ahead of its planned testnet launch at the Breakpoint conference in Singapore, Permissionless Labs has raised $10 million in a funding round led by Multicoin Capital.
-
- Bitcoin Mine: Noise Complaints And Community Impact
- Sep 17, 2024 at 02:25 am
- Residents had complained for years about the continuous noise the cooling systems of the Bitcoin mining operation. Mayor Kjell-Børge Freiberg said that the noise had bothered a lot of the roughly 8,260 residents of the town.
-
- CrytocoinMiner: A User-Friendly Platform to Make Money Easily
- Sep 17, 2024 at 02:25 am
- CrytocoinMiner’s user-friendly platform has attracted over 3.7M global members for easy mining access.
-
- Nervous Network ($CKB) Emerges as the Top Performer with a 92.2% Gain, Leading the Cryptocurrency Market's Remarkable Weekly Surge
- Sep 17, 2024 at 02:25 am
- Several coins have significantly increased their values in a week marked by remarkable gains in the cryptocurrency market. According to Drops Tab, Nervous Network ($CKB) has emerged as the top performer. It has experienced a significant gain of 92.2%.
-
- Chainlink CCIP Cross-Chain Interoperability Protocol Goes Live on ZKsync Era Mainnet
- Sep 17, 2024 at 02:25 am
- Chainlink has announced the launch of its Cross-Chain Interoperability Protocol (CCIP) on the ZKsync Era mainnet, representing a fundamental advancement in cross-chain interoperability.