Fedrok AG, a Swiss blockchain infrastructure provider, has partnered with Bangalore-based TechXEarthSpace to create next-generation tokenized carbon credits. Unlike traditional offsets, these credits are tied to scientifically verified CO₂ removal and underground storage, ensuring transparency and permanence. Fedrok’s Proof of Green consensus mechanism ensures tokens are only minted when carbon removal is powered by renewable energy, while TechXEarthSpace’s AI-managed systems guarantee durable storage. The project, launching in India in 2025, aims to scale globally, offering a high-integrity solution for corporates, ESG funds, and governments. This initiative addresses key carbon market failures—lack of trust and permanence—and aligns with the Paris Agreement’s Article 6. With the voluntary carbon market projected to hit $250 billion by 2030, this partnership could redefine climate accountability.
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News from India
Generated 11 posts last week India’s AI Market to Triple to $17B by 2027: BCG Report
A Boston Consulting Group report forecasts India’s AI market will surge to $17 billion by 2027, fueled by enterprise adoption, digital infrastructure, and a talent pool comprising 16% of the global AI workforce. Indian companies are integrating AI into core operations, with financial services cutting processing times by 70%, retailers boosting conversions by 10-15%, and media firms slashing production costs by 80%. Over 4,500 AI startups—40% launched in the last three years—are tackling local challenges, though scaling requires more compute access and talent beyond metro areas. The government’s ₹10,000 crore IndiaAI mission aims to address these gaps with expanded compute capacity.
read moreFloki Inu Launches Valhalla Ad Campaign in 7 Countries
Floki Inu is rolling out an aggressive five-week marketing campaign for its Play-to-Earn metaverse game, Valhalla, targeting mobile gamers in seven key markets: Indonesia, the Philippines, India, Vietnam, Nigeria, Thailand, and Argentina. The campaign will feature 15-30-second in-game ads in popular titles like Subway Surfers and Candy Crush, aiming for over 2.25 million impressions. Floki Inu is also expanding its reach through physical events, such as sponsoring the Baroda Premier League in India, and integrating NFT utility with its Viking-themed FlokiTars collection. The project, once seen as a meme token, is now focusing on tangible utility and broader adoption. As of the latest data, FLOKI’s price has risen by 7.77% in 24 hours.
read morePolygon CEO Nailwal Shifts Focus to PoS and Agglayer
Sandeep Nailwal, co-founder and largest POL token holder, has assumed the role of CEO at Polygon Foundation, emphasizing the need for faster, decisive leadership. Key changes include discontinuing zkEVM to prioritize Polygon PoS for stablecoins and real-world assets, while Agglayer aims to create a ‘trustless Internet of Blockchains.’ The Foundation is financially robust, with no immediate need for additional funding. Polygon PoS is already achieving over 1,000 TPS, targeting 5,000 TPS by late 2024 and 100,000 TPS in the coming years. Agglayer v0.3 launches in late June, with fast interoperability features expected by Q3. Nailwal cited Ethereum’s instability as a catalyst for restructuring, shifting from institutional governance to agile, user-centric strategies. ZK research will continue under independent projects like Polygon ZisK, led by Jordi Baylina.
read morePolygon CEO Revamps Governance for User-Centric Crypto Future
Polygon’s governance is undergoing a transformative shift as co-founder Sandeep Nailwal assumes the role of CEO for the Polygon Foundation. Nailwal cited the need for stronger leadership to adapt to a crypto industry that has pivoted from research-centric to user-centric models. The platform’s DeFi TVL has plummeted from over $10 billion to just $1 billion, prompting a strategic overhaul. Key changes include retiring Polygon zkEVM by 2025 and concentrating development on Polygon PoS (focused on real-world assets and stablecoins) and AggLayer (aiming for blockchain interoperability). Agglayer v0.3 launches in late June, with further upgrades targeting sub-second finality and 100,000+ TPS. The Agglayer Breakout initiative will continue, including POL airdrops for stakers and the spinout of Polygon ZisK under Jordi Baylina.
read moreCBI Busts $327K Crypto Cybercrime Ring in Delhi
The Central Bureau of Investigation (CBI) arrested Rahul Arora in New Delhi, confiscating $327,000 in cryptocurrency and $26,400 in cash tied to a cross-border cybercrime network. Authorities uncovered tools like caller ID spoofing software and social engineering kits used to impersonate officials and defraud victims abroad. A Web3 lawyer clarified that the use of crypto doesn’t classify this as a ‘cryptocurrency scam,’ emphasizing jurisdictional challenges in digital crime. The operation is part of India’s Chakra-V initiative, involving Interpol and the FBI, to combat cybercrime through digital forensics and crypto seizures. The CBI claims enhanced capabilities in handling virtual assets, though legal ambiguities remain.
read morePolygon Co-Founder Takes Full Control as CEO
Polygon co-founder Sandeep Nailwal has taken over as the first CEO of the Polygon Foundation, shifting away from the project’s decentralized governance approach. The foundation, which oversees Polygon Labs and other ecosystem arms, will now operate under Nailwal’s leadership as it refocuses amid growing competition in the layer-2 space. Nailwal highlighted Polygon’s early focus on bold execution and institutionalization efforts during 2021-2023, including onboarding co-founders and establishing a board. This leadership change comes as Polygon aims to strengthen its position in the competitive crypto infrastructure landscape.
read moreFTX Adds Payoneer for Creditor Repayments, Excludes Key Markets
FTX, the bankrupt crypto exchange, has added Payoneer as a new creditor repayment option, joining BitGo and Kraken in facilitating asset distributions. Payoneer will help distribute funds to retail customers in eligible jurisdictions, though creditors in Nigeria and China remain excluded. The new option, available after May 30, 2025, requires customers to waive direct USD distributions in favor of Payoneer transfers. FTX has already repaid nearly $7 billion across two phases, with smaller retail claims largely settled in full. However, larger creditors and those in restricted regions face limitations, highlighting gaps in the global repayment process.
read moreFloki Inu’s NFTs Unlock Valhalla Game Features & Cricket League Deal
Floki Inu is making waves with its latest updates, revealing that FlokiTars NFTs can be burned to unlock rare Viking-themed items and exclusive features in its metaverse game, Valhalla. This move adds real utility to NFTs, differentiating Floki from projects that treat them as mere collectibles. Meanwhile, Valhalla has secured a high-profile partnership as the official sponsor of the Baroda Premier League 2025, with branding across 24 cricket matches in India—a strategic push into the massive Indian market. The game’s mainnet launch is set for June 30, 2025, featuring MMORPG elements like PvP battles and an in-game economy. Floki’s dual approach—bridging digital assets and real-world sports—highlights its ambition to stand out in the crowded crypto space.
read moreRBI Holds Firm on Crypto Risks as India Seeks Legal Clarity
RBI Governor Sanjay Malhotra reaffirmed that cryptocurrencies like Bitcoin and Ethereum pose significant risks to India’s monetary policy and financial stability, likening unregulated trading to ‘modern hawala.’ Despite Supreme Court pressure to avoid a blanket ban and establish legal clarity, the government is preparing a discussion paper for public input. Strict tax rules, including a 70% penalty on unreported crypto profits, and stringent KYC requirements are driving Indian investors toward more crypto-friendly jurisdictions like Singapore and Hong Kong. The RBI, however, remains steadfast in its warnings, offering no signs of crypto integration into India’s traditional financial system.
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