Modi 2.0 has cleared its agenda to drive India to a $5 trillion economy in coming 5 years that is by 2024. Technology, digitization, and modernization shall have a great role in pulling up the economy to $5 trillion levels. Certainly, there will be a great role of IT in this economic pull-up. Additionally, BJP election manifesto 2019 focuses on a $ 10 trillion economy by 2032. At present, India is an economy of about $ 2.6 trillion. So, it needs to about doubling its economy within 5 years and quadruple by the next eight years. Presently, only the US and China are in $10 trillion club. In addition, Japan, the only country, has $5 trillion in GDP.
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While reviewing our older blogs, I encountered with a blog about mobile app trends. My memory went back and truth revealed in my mind. Suddenly, I imagine, history repeating itself. It has been happening with Blockchain Technology and its Business Applications what already happened in the field of mobile application development. In this blog, we have described blockchain technology, blockchain business applications and applications trend in various industries, This includes industries like finance, ridesharing (taxi), digital advertising, etc.
We have been adding technology blog posts continually at Vardhaman Infotech since 2014. Our experts write blogs about technology- all about technology and the latest trends. Now, it is time to index these blog posts. As you know that we have been in website design and development since 2010 and in mobile application development since 2013. Hence, most of our content is related to these technologies. We have started developing eCommerce websites with the trend and are also in Digital Marketing. Recently, we have come into Blockchain technology. Moreover, the tech-savvy generation is interested in reading our high-quality, content-rich blogs.
What is NFT?
Have you ever wondered what a blockchain blowup looks like? Well, I am sure it makes you go “WHAT…. Just happened there?” so here’s what happened, Non-Fungible Tokens aka NFTs took over the entire marketplace like a gangster! As the name very well suggests, these are one of a kind currency tokens which, if traded for, will bring you something of exact different value. If I put this in simple words, bitcoins can be traded for bitcoins but NFTs are to be traded for even better assets.
The world, nowadays, is crazy about the NFT business. And it is clear that NFTs are big business, really big. However, there are skeptics who think that the NFT bubble may soon burst. Real estate companies, luxury fashion labels, sports leagues, and ……. are selling NFTs. Sotheby’s, Christie’s, and Phillip; even these legacy Jewelry and art auction houses have entered into the business. This is, therefore, a trend worth exploring. Mark Cuban, a billionaire, is enthusiastic about NFTs. It can provide important new revenue streams for creators and small businesses, according to him. He advises to jump into the business. And what is the best time for it?
People, particularly millennials, enjoy engaging in internet activities. For them, engaging on the internet entails posting memes, videos, and artwork, among other things. The increase in interaction is due to the abundance of high-quality social networking and auction sites from which they can make money. Making money is, without a doubt, the secret talent, followed by entertainment. How do you do it? All of these memes, videos, and online channels are owned by someone who can sell them or purchase them by outbidding other assets. Let me tell you something: the audience takes great pride in possessing a digital asset. NFT —- Non-Fungible Tokens —- are at the root of this phenomenon.