Digital trade in Abu Dhabi is witnessing remarkable growth, study shows
business6 hours ago
Most people might choose to get married on a beach or a five-star resort, but Indian couple Shruti Nair and Anil Narasipuram tied the knot in the the most technologically-advanced way possible.
Hailing from Pune, Nair and Narasipuram got married on November 15, 2021. Because of the rampant spread of Covid-19 in India, the couple decided to have a courthouse wedding, officiated by Anoop Pakki, a 'digital priest'. Their relatives attended the ceremony on Google Meet.
Nair, an alumna of Knauss School of Business inSan Diego, and Narasipuram, an alumnus of the Stanford University Graduate School of Business, created an NFT titled 'Ekatvam' (oneness), which Pakki minted on OpenSea, a P2P NFT marketplace, with the money that the couple transferred to him via Metamask.
“The transaction took a few minutes (and about $35 in ETH gas fees) after which we were pronounced husband and wife by our digital priest!” Narasipuram said in a LinkedIn post.
Their NFT vow read:
“We won’t make any big promises, but we will do everything we can to make this work. Through all our disagreement and conflict, we hope to grow our understanding of each other and ourselves."
Using this NFT, they digitally signed an 'Ethereum smart contract', which cemented India's first-ever blockchain wedding.
“The transaction is a permanent, immutable and public record of our commitment to each other on the ETH blockchain,” said Narasipuram.
ALSO READ:
The blockchain wedding, an emerging novelty in India, is hardly so elsewhere. Narasipuram and Nair's wedding follows a US couple's wedding in March 2021, where virtual rings (NFTs) were exchanged using smartphones.
"We may be the first couple married on the blockchain in India (as far as I know), but we certainly won't be the last. Cryptocurrency and blockchain represent a significant change in the way we transact and and the way we trust. This is just the beginning," Narasipuram said.
Digital trade in Abu Dhabi is witnessing remarkable growth, study shows
business6 hours ago
Garnacho and Mainoo were two of United's bright sparks in a disappointing season in which they finished a worst-ever eighth in the Premier League era
football6 hours ago
Young adults would either choose to join military full-time for 12 months or spend one weekend every month volunteering in their community over a year
europe6 hours ago
The country's railway operator said it has cancelled trains to Georgia due to a landslide on the line
world6 hours ago
It was the third such strike on people on motorbikes in south Lebanon on Sunday
mena6 hours ago
It was the first time the 26-year-old had stood on the Monaco podium in six attempts
f16 hours ago
Country’s tourism sector contributed Dh220 billion to the gross domestic product in 2023
business6 hours ago
The region’s DCM saw a 7.0 per cent increase to $940 billion by the end of Q1 2024
business6 hours ago