Nobody can define Web3, but it might be even harder to spot the potential business opportunities it brings. Fortunately, our latest Crypto Biz is here to shine some light.
. While it’s not entirely clear how the funding will be used, CEO Sumit Gupta said India has the opportunity to become a leader in the Web3 economy. Gupta also told local news outlets that Web3 will only add to India’s financial system.
A SPAC by the name of Aura FAT Projects Acquisition Corp recently launched its initial public offering on Nasdaq,with a focus on crypto industry assets. The IPO was actually oversubscribed by $15 million, which tells you all you need to know about the institutional appetite for all things crypto. Aura FAT is eyeing strategic acquisitions in the blockchain sector, focusing on Web3 , digital ledger technology , e-gaming assets and crypto more generally.
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