According to recent updates in technology in India web 3.0 has bring new era of revolutions in the field of decentralization, blockchain technologies. Marathi song who are looking for token based economics.
India cryptocurrencies Government tax 30%
Supreme Court of India has removed the band on cryptocurrencies in 2020 and in 2023 budget government has declared that if there will be any virtual cryptocurrency it will be taxable to 30%. After the announcement of budget there are many organisation nonprofit and profit IT companies foxing on different types of virtual currency in India. non-profit organisation like The Algorand Foundation has a major plans for users in India.
Anil kakani who is appointed as India head of ALGO company has announced that India has potential of growth in web3 community that will help increasing of investment ecosystem.
Some facts about Web 3.0 website or application architecture
All the data are stored in open networks such as blockchain or IPFS. Data that are stored in local server or implied ised are more secure and can be accessed by admin of the user only, Even a server admin or cloud hosting company cannot accept the data