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News on Medial
Shardeum Aims To Introduce Over 7500 Students To The World Of Web3
OutlookIndia
·
1y ago
Medial
Blockchain startup Shardeum has launched a 90-day "community backpacking tour" across India and Nepal to introduce students to the world of Web3 and its potential. The tour aims to educate students from over 50 educational institutions in India and Nepal about Web3 and its job opportunities. Shardeum's EVM-based Layer 1 blockchain has secured around $24 million in funding and plans to launch its mainnet by the end of 2023. The startup aims to make India a leader in Web3 adoption and talent.
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Kyndril, DSCI join hands to train 25,000 students on cybersecurity
YourStory
·
1y ago
Medial
IT company Kyndryl has partnered with India's Data Security Council of India (DSCI) to offer free cybersecurity training to 25,000 Indian students over the next three years. The Cyber Sainik program aims to protect students from cyber threats such as cyberbullying and online exploitation. Students from grades 6 to 12 will receive training on reporting issues and learn skills to protect themselves on digital platforms. Upon completion, students will receive a certification from both Kyndryl and DSCI. The initiative aims to equip students with the knowledge and confidence to navigate the digital world securely.
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Nischal Shetty’s Shardeum raises $5.4 million in a strategic round
Money Control
·
2y ago
Medial
Shardeum, a startup founded by Nischal Shetty, has secured $5.4 million in a strategic funding round. The funding will support the growth and development of Shardeum's platform, which aims to provide decentralized finance (DeFi) solutions. The startup aims to empower users with greater control over their financial assets by leveraging blockchain technology and smart contracts. The capital will be used to build larger communities and projects on the layer 1 blockchain network before its opens for and public use alter in the year, the startup has said
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EdgeIn hopes to be a faster, community-driven, ‘CrunchBase for Web3’ | TechCrunch
TechCrunch
·
1y ago
Medial
EdgeIn, a startup aiming to provide transparent and accessible data for the web3 space, has launched its database platform. It offers a web3 dataset subscription for $14.99/month, providing real-time updates on companies, people, deals, and events. The platform indexes companies and datasets from partners, allowing users to explore and analyze web3 projects. EdgeIn aims to level the playing field for builders in the web3 industry by providing reliable and collaborative data sources. The startup has indexed over 90% of the web3 market, listing 50,000 companies and projects, and plans to expand into other markets.
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How Timbuckdo is empowering college students to earn, save, and grow
YourStory
·
16d ago
Medial
Timbuckdo, a Bengaluru-based startup founded by Mythri Kumar in 2022, aims to empower college students by offering verified part-time jobs, QR-enabled discounts, and AI-powered growth tools. It addresses the challenges faced by students in the unorganized gig economy, helping them earn, save, and build skills. With over two lakh users, the platform functions as a student-centric social commerce platform, integrating community-driven solutions for real-world upskilling and cost-saving opportunities.
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CoinDCX and Solana Foundation earmark Rs 25 crore grant for Web3 developers
Economic Times
·
1y ago
Medial
Cryptocurrency exchange CoinDCX and blockchain platform Solana Foundation have collaborated to provide a grant of Rs 25 crore to web3 developers in India. The aim is to support and encourage the development of decentralized applications (dApps) and projects on the Solana blockchain. This financial support will aid developers in building innovative and scalable solutions for the growing world of web3 and cryptocurrencies.
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India Home To Over 1,000 Web3 Startups: Hashed Emergent Study
Inc42
·
1y ago
Medial
India has emerged as a global leader in Web3 adoption and development, according to a recent study. The country is home to over 1,000 Web3 startups and accounted for nearly 12% of the world's Web3 developers in 2023, a significant increase from just 3% in 2018. Despite a drop in funding for the Web3 sector in 2023, with deals declining by 80%, India's Web3 ecosystem remains resilient. The report also highlighted India's strong presence in cryptocurrency trading, with over 35 million trading accounts and ranking among the top five in peer-to-peer trading volume.
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Edtech startup ByteXL bags $5.9 million funding in round led by Kalaari Capital
Economic Times
·
12m ago
Medial
Edtech firm ByteXL has secured $5.9 million in funding, led by Kalaari Capital and the Michael and Susan Dell Foundation. The Hyderabad-based company plans to use the funds to expand its team, develop new products, introduce digital tools, and reach more colleges and universities across India. ByteXL partners with educational institutions and industry to integrate practical learning and curriculum for engineering students, offering training in software technologies such as programming, cybersecurity, and cloud technologies. The company has already partnered with over 26 colleges and trained over 100,000 students.
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Shardeum facing a leadership exodus amid launch delay
Economic Times
·
3m ago
Medial
Shardeum, a blockchain product by WazirX founder Nischal Shetty, has experienced significant leadership departures, with over a dozen exits since 2024 and its blockchain launch delayed by nearly two years. Notable exits include Grey Hemmer, H Swaminathan, Ricky Bharti, and Yash Jhade. Most departing employees had joined in 2022 and exited between June and November 2024. Despite these challenges, Shardeum claims its employee churn rate remains within the industry average.
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Web3 has potential to create 2.2 Mn jobs in India by 2032
Inc42
·
1y ago
Medial
India leads in the Web3 domain, hosting over 900 enterprises, constituting 11% of the global Web3 developer community in 2022. A Primus Partners report predicts Web3's contribution to India's GDP to reach $1.1 Tn by 2032, generating 2.2 Mn jobs in the next decade. The transformative impact spans supply chain, healthcare, education, voting, and identity management. Challenges include taxation issues, while recommendations emphasize clear guidelines and regulations for Web3 businesses. The global Web3 GDP is projected to reach $13 Tn by 2030. Notable developments include funding rounds for Huddle01, mi Ventures, and Transak.
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3 students won $700,000 for using AI to translate 2 tweets worth of text from previously unreadable ancient scrolls
Business Insider
·
1y ago
Medial
Three students recently won a $700,000 prize in the Vesuvius Challenge for decoding the Herculaneum papyri, a collection of unreadable papyrus scrolls. The students used AI and machine learning to uncover legible passages from the scrolls. The scrolls, which were buried during the eruption of Mount Vesuvius in the first century, have been preserved due to the heat of the volcanic debris. The competition aims to unlock the history of the ancient world and hopes to decode all 800 scrolls in the coming years.
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