Indian Web3 Community Urges Changes in Cryptocurrency Tax Regulations Ahead of Union Budget 2024 Announcement
As India's Finance Minister prepares to announce the budget provisions for the fiscal year 2025, the web3 community in India is calling for changes to cryptocurrency tax regulations. The community is using the hashtag '#ReduceCryptoTax' on social media to express their demands, which include more flexible tax slabs, a reduction in the Tax Deducted at Source (TDS) from 1% to 0.01% on each crypto transaction, and the ability to carry forward losses. The crypto sector argues that current tax laws hinder crypto growth in India and lead to a talent exodus to more crypto-friendly nations. The community is also advocating for clear legal frameworks, tax regularization, and policies fostering innovation and research in the digital asset space.
Social game Fren Pet: The last pGOLD airdrop has been completed
Fren Pet, a Web3 social game built on the Base blockchain, announced that it has completed the final pGOLD airdrop for all pets and is fully focused on the first version of FP World.<br>Previously, the cost of pet forging for the Web3 game Fren Pet is now 10$FP.
Web3 native data lake development company Hyperline completes $5.2 million in seed round financing
Hyperline, a Web3 native data lake development company headquartered in San Francisco, announced the completion of a $5.2 million seed round of financing, led by Slow Ventures, with participation from South Park Commons, Script Capital, Canonical Crypto, Picus Capital, Volt Capital, Mischief, and Maelstrom. Wilson Sonsini Goodrich & Rosati provided consulting services for the transaction. Hyperline mainly builds shared storage and computing engines for Web3 developers to build AI products and analytical applications to support data applications and service functions.
Burnt (XION) Announces Crash Game
On January 27th, Burnt (XION) announced the launch of the Generalized Abstract Real Example Crash Game. According to reports, the Crash Game combines XION's meta-accounts, device abstraction, and parameterized fee layers, showcasing a fully on-chain game that eliminates all friction typically present in Web3 applications and games. All XION developers can use this feature.
Mintellectual Property
Copyright is dead, long live copyright.
Two things are changing quickly for brands around the world: media creation and IP ownership. Media creation is being rapidly innovated thanks to AI models like MidJourney, Runway, and DALL·E. Powerful models mean everyday creatives can make market grade assets and seemingly authentic versions of critically acclaimed artwork, corporate advertisements, influencer content, or other viral materials.
Multi-Hit Wonders: Embracing Apps With Short Shelf Life
The rise of scaled social platforms like Facebook, Instagram, and TikTok has made it increasingly challenging for newcomers to compete directly.
GCR Market and Investment Trends Review – Q4 and 2023 Annual Overview
At GCR, our mission is to create a community-driven investment DAO where the best Web3 investment opportunities are brought in by the community for the benefit of the community.
Since this new initiative’s inception in March 2022, we have experienced unrivaled success:
How to Get a Job in Web3
In the past, I’ve provided advice to strangers and friends who are looking to get a full-time job in crypto. I’ve previously written about this before at length. But it’s been a few years and there’s some new actionable advice I wanted to offer as well as update my advice with more recent examples (what worked two years ago might not work today).
Japanese Congressmen Aim to Develop Web3 Policies, Including DAO Regulations
Japanese lawmakers Masaaki Taira and Hideto Kawasaki plan to develop policies for Web3 in Japan, according to an interview with CoinDesk Japan. The Liberal Democrat Party's Web3 project team released a whitepaper in April 2023 and hosted a DAO rulemaking hackathon to gather stakeholder input. One area of concern is the need for clarity around DAO regulations, which Taira believes will become clearer over time. The team also successfully pushed for tax reform for third-party ownership of crypto assets.
Minting Is the Native Business Model for Web3 (and maybe AI too)
We have all been targeted by ads that you look at and wonder “how do they know I am in the market for that product?” The answer is that the AI/ML models that big tech companies have trained on our personal data are incredibly accurate and powerful.
