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Exploring the Future of Web3 with Ananteshwar Singh of Expand My Business



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What do you think is the future for Bitcoin and the crypto industry?

When I consider the future of Web3 enterprises, blockchain appears to be the most promising use case. Applications such as supply chain security orchestration within the context of a tree seem to be the most promising. As for crypto and Bitcoin, I believe the industry is still in a phase where it is determining the best use cases for commercialization concerning customers.

The industry is also experiencing a trust deficit, and companies are figuring out how to make the best use of the use cases offered by various businesses for modalities like loyalty programs, customer benefits, and rewards. I would say that the industry is in its infancy, and everyone is trying to determine its future.

I can see many use cases for your company. Can you describe them one by one and explain the use case for an NFT marketplace in your company?

Our business focuses on development work for clients who are looking to outsource projects and don’t have in-house expertise. We are witnessing many companies and brands approach us for launching NFT marketplaces due to the rising trend of Gen-Z audiences seeking loyalty with brands offering NFTs. Luxury brands such as Louis Vuitton are exploring these use cases. We are seeing brands approach us to develop deeper customer connections through NFT marketplaces, which seems to be a strong modality for us. We are also seeing event and media companies approach us for virtual events in the Metaverse, aiming to interact with customers and build commercialization on top of that.

How do you envision Metaverse development? What is the Metaverse to you?

To me, the Metaverse is a more immersive experience where you can be present anywhere in the world without being there physically. For example, attending a lecture at Harvard remotely from India and interacting with people in a simulated environment. While I’m a millennial, and it might not make sense to me, I understand that Gen-Z audiences enjoy interacting in immersive settings. I see the Metaverse as a strong future.

Do you think governments will join the Metaverse?

Absolutely. They must. Even in the government sector, there is a growing need for training programs for engineers and infrastructure projects worldwide. With remote connectivity and training, especially in a post-COVID world, the Metaverse will become a vital modality for governments to train their resources and bring them up to speed on various projects.

India can be strict with crypto at times. What do you think about future regulation in India?

The crypto market began with decentralization, but the Indian government now wants centralized control to prevent the market’s downsides, including misuse and fraud. Rather than being skeptical, the Indian government is working on establishing the proper frameworks to mitigate the negative effects of crypto, prevent money laundering, and protect retail investors.

Are you working on any DeFi projects?

I’m not a DeFi expert, but we have a team of consultants with extensive experience in the DeFi space. We take client requirements and ensure impeccable project delivery. We are seeing increased interest from fintech companies and P2P players looking to create lending or micro-lending platforms in the Web3 space. However, industries are still in the experimentation phase, and no single use case stands out as the most successful.

How many developers do you have in your company?

We have a partner ecosystem of about 100,000 developers in India.

Does that mean you can utilize any blockchain?


Do you plan to utilize Luna Classic in the future?

Why not? Never say no.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. and does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Bitcoin Navigates Challenges, Yet 2024 Holds Promise



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Recognized as the pioneering standard of digital currencies, Bitcoin is grappling with considerable obstacles. The cryptocurrency behemoth faced a tough stretch in the third quarter of 2023, with anticipated setbacks of close to 15%. This downturn resembles its trajectory from the end of 2022, representing two notable troughs within a year’s span. As of late September, Bitcoin’s market valuation is hovering around $513 billion, with its exchange rate settling just above $26,000, marking a noteworthy 17% drop from its zenith in summer 2023.

A combination of dynamics is steering this volatile phase. The overarching economic climate is putting pressure on Bitcoin. A noticeable uptick in US bond interest and an invigorated US dollar, ignited by discussions that the US Federal Reserve could sustain heightened interest rates longer than foreseen, are key factors. Despite the economic tribulations, the US’s financial landscape has showcased unexpected tenacity, exhibiting positive economic expansion and labor market indicators. This upbeat data has prompted market players to adjust their perspectives, becoming less wary of an impending US economic downturn.

Recent revelations from the Federal Reserve further compound Bitcoin’s trials. Alluding to potential rate hikes within the year, the institution also signalled a reduction in rate reductions for 2024 than formerly anticipated. This fiscal strategy spells challenges for Bitcoin. Escalating bond interests, commonly regarded as safe financial bets, undermine the attractiveness of volatile assets like Bitcoin. Moreover, a fortified dollar elevates the pricing of dollar-based Bitcoin for overseas traders.

Growing interest from established financial institutions towards Bitcoin brings additional intricacies. As traditional entities express greater interest and with the potential greenlight for Bitcoin-focused ETFs on the horizon, Bitcoin’s susceptibility to macroeconomic shifts is set to amplify. Decisions by leading global banks to decrease rates could be the catalyst for impending Bitcoin market surges.

Nevertheless, Bitcoin aficionados have reasons for optimism. The year 2024 might herald a rejuvenated phase for Bitcoin, predominantly steered by the eagerly awaited halving occurrence planned for April. Historically, such halving events – junctures where Bitcoin issuance is slashed by half – have been powerful triggers, elevating Bitcoin to unmatched levels. If this event coincides with lenient monetary policies, US ETF endorsements, and clarified regulations, 2024 might usher in a pronounced Bitcoin market resurgence.

Still, the path ahead is riddled with uncertainty. Short-term projections for Bitcoin are anything but stable. Insights from The Block suggest a guarded stance among Bitcoin option traders, with anticipations leaning towards a declining valuation. This trend is evident as traders are leaning more towards options that provide returns if Bitcoin’s valuation dips in the forthcoming month. Additionally, current technical patterns raise eyebrows. Bitcoin’s path seems to be veering off a critical pattern, potentially diving towards the $20,000 mark.

For visionary investors, this potential dip might present a golden opportunity for accumulation, in anticipation of a 2024 market surge. Yet, in the foreseeable horizon, Bitcoin must steer through tumultuous seas. The crypto’s inherent robustness, flexibility, and market intricacies will be tested, determining if Bitcoin can not only endure this phase but resurface more potent, reaffirming its standing in the ever-shifting crypto domain.

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