A new report by Mudrex reveals increasing Web3 adoption among India’s Nifty 50 companies. Sixteen firms, representing 32% of the index, are exploring cryptocurrencies and blockchain for various applications. Major players like Reliance, Airtel, ITC, and TCS are leveraging Web3 for digital marketing initiatives, enhancing supply chain management processes, exploring Central Bank Digital Currencies (CBDCs), and facilitating cross-border trading activities. This indicates a growing institutional interest in Web3 technologies within the Indian market, with companies recognizing its potential to improve efficiency and innovate across different sectors. The report highlights a significant shift towards embracing emerging technologies within India’s leading corporations.
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