In a series of tweets, Shetty said that the project will be open-source, not owned by anyone which will invite the innovators to build upon the blockchain network.
Despite the government not introducing the much-awaited cryptocurrency bill in the Union Budget 2022-23, the union finance minister, Nirmala Sitharaman announced that any income from transfer of virtual digital assets will be taxed at 30 per cent.
Founder and CEO of crypto exchange WazirX Nischal Shetty has said in a recent tweet that he believes that cryptocurrency is here “to usher in an era of decentralisation” whereas founder and CEO of CoinSwitch Kuber Ashish Singhal backed metaverse tokens and non-fungible tokens (NFTs).