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how to tax saving investments 2024 for beginners ✌️【Long-term Investment】✌️Invest ₹500 and let blockchain-powered tools grow your wealth! This reveals a major pain point for developers trying to sell noobs on a clunky tech stack that feels more like a chore than a choice, so you can see how they arrived at the decision not to force it.But this raises the question: How much blockchain can a blockchain game omit, before the blockchain game is no longer a game on the blockchain?This half-hearted approach to embracing on-chain experiences means that potentially transformative Web3-native innovations — like the promise of interoperability, where players could use a sword from Game A in Game B — remain largely theoretical.
how to tax saving investments 2024 for beginners ✌️【Long-term Investment】✌️Start investing with ₹500 and see your wealth grow rapidly every month.Some progress has been made, such as enabling NFT profile picture (PFP) collections to become playable avatars, but this mostly caters to existing web3 communities rather than delivering a palpable benefit to lure the Web2 gaming masses.True interoperability requires industry-wide collaboration, both technically and economically, which is still fragmented across chains and ecosystems.
Meanwhile, developers are sweeping Web3 under the rug, treating it as a layer in the tech stack rather than a defining feature.
how to tax saving investments 2024 for beginners ✌️【Long-term Investment】✌️Start with ₹500 and experience high returns month after month.So for most players, the "Web3" part is hidden, optional, and about as impactful as a collectible spoon in a cereal box.Frankly, the notion of "ownership" in Web3 is vastly overhyped and largely unsupported by any substantial product-market fit.
how to tax saving investments 2024 for beginners ✌️【Long-term Investment】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.Web3 ownership, as it’s often sold, is a mirage.
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how to tax saving investments 2024 for beginners ✌️【Long-term Investment】✌️Invest ₹500 and let blockchain-powered tools grow your wealth!But true ownership? Not so much.There’s actually little evidence to suggest that Web3 ownership has driven sustainable demand.
how to tax saving investments 2024 for beginners ✌️【Long-term Investment】✌️Start investing today with ₹500. Grow your wealth with high-yield returns!That said, the ability to exert more control over your digital assets is undeniably valuable — just not the "true ownership" that’s often claimed.That said, there have been some very promising experiments withfully onchain gamesand creative catalystssuch as the Loot NFT collection.
Its composable structure allowed developers to build derivative projects, games, and economies around it without needing approval or input from the original creators.Other recent innovations born in the arena of digital asset ownership include Ethereum standards ERC-6551, ERC-4337, ERC-404 andsoulbound tokens(SBTs).
ERC-6551 introduced tokenbound accounts, allowing NFTs to act as their own wallets.
ERC-4337 delivered account abstraction, enabling customizable wallets that enhance security and usability without relying on centralized custodians.
ERC-404 combined the features of fungible and non-fungible tokens, to offer flexible ownership of both unique and divisible digital assets.
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If we want others to get onboard with our vision, we need to develop experiences that demonstrate the benefits of digital asset ownership from the get-go.The author holds a number of cryptocurrencies, including Web3 gaming-related tokens such as YGG, RON and SAND, and is an angel investor in 15+ Web3 startups.Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc.
how to tax saving investments 2024 for beginners ✌️【Long-term Investment】✌️Invest ₹500 and let blockchain-powered tools grow your wealth!Or its owners and affiliates.Leah Callon-Butler is the director of Emfarsis, a Web3 investment and advisory firm with special expertise in strategic communications.
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