India's Web3 industry is seeing increased adoption beyond just cryptocurrencies, with blockchain gaming and NFTs also gaining popularity. NFTs are being utilized for digital assets in the metaverse, as well as for copyright and royalty rights. Despite Indian NFT companies accounting for 5% of the global share and being used to fund creative ventures, regulatory uncertainty remains a hindrance to widespread adoption of NFTs and blockchain gaming in India.
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NFTs and Blockchain Gaming on the Rise in India Despite Regulatory Uncertainty
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