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Saturday, July 2, 2022
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    OpenSea Tightens Security To Prevent NFT Scams And Fraud

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    The Sandbox — LAND Smart Contract Migration

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    The Go-To Marketplace For All Things Metaverse

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    As Otherside Land Value Drops, Yuga Labs Faces Giant Tax Obligation

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    The Desktop Client Beta is Closer Than Ever to a Full Launch—Get it Now!

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    Here’s how to keep your data, devices safe

    Here’s how to keep your data, devices safe

    Amber Group Now Insures Digital Assets Held On Behalf of Clients

    Amber Group Now Insures Digital Assets Held On Behalf of Clients

    The Evolution of Digital Assets Securities

    The Evolution of Digital Assets Securities

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    Web3 Delight Lagos – Breaking barriers to pave the way for the digital future

    21st-Century Inventions with the Biggest Impact

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    Matrixport’s Cactus Custody™ Launches Institutional Custody Service for Non-Fungible Tokens (NFTs)

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    Société Générale Now Offers A Range Of Capital Market Products Utilizing Tezos And Leveraging METACO’s Harmonize Solution

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    INX and SICPA Sign an MOU to Establish a Joint Venture to Develop An Innovative CBDC Ecosystem To Support Monetary Sovereignty

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    Third-Party Organizations Provide Real-Time Ups

    Third-Party Organizations Provide Real-Time Ups

  • Learn
    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

    Best Ways to Make Money with Bitcoin in 2021

    Best Ways to Make Money with Bitcoin in 2021

    How to Instantly Exchange Cryptocurrency on Changelly

    How to Instantly Exchange Cryptocurrency on Changelly

    What Is the Best Cryptocurrency to Mine?

    What Is the Best Cryptocurrency to Mine?

    How to Create Your Own Cryptocurrency

    How to Create Your Own Cryptocurrency

    Benefits of Cryptocurrency

    Benefits of Cryptocurrency

    How to Start Trading Cryptocurrency

    How to Start Trading Cryptocurrency

    EtherLite (ETL) Cryptocurrency Price Prediction

    EtherLite (ETL) Cryptocurrency Price Prediction

    How to Trade Bitcoin Futures

    How to Trade Bitcoin Futures

  • Analysis
    Ethereum Remains Attractive, What Could Trigger More Upsides

    Ethereum Trims Gains, Why ETH Remains At Risk Below $1,100

    Bitcoin Resumes Rally, Why BTC Could Accelerate Above $40K

    Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

    Should You Play Axie Infinity: Origin?

    Should You Play Axie Infinity: Origin?

    Bitcoin Turns Vulnerable, Why BTC Could Soon Test $30K

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    Bitcoin Corrects Lower, Why This Indicator Holds The Key

    Bitcoin Tops Near $47K, Why The Bulls Must Defend $45K

    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

    Kraken, Another Giant Exchange Integrates The Lightning Network

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    Why CEOs See Bullish Signs

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    Alpha Venture DAO Transforms Web3 Project Incubation Through Community Focus

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  • Blockchain
    Money Clinic Podcast: Surviving the ‘Crypto Crash’

    Money Clinic Podcast: Surviving the ‘Crypto Crash’

    New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

    New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

    DeFi’s promise of democratising finance remains a distant reality

    DeFi’s promise of democratising finance remains a distant reality

    Blockchain.com Plans to Provide an NFT Domain Name to 83 Million Wallet Users – Blockchain Bitcoin News

    The crypto plan to save our souls

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    Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs

    Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs

    CBDCs now hold wholesale appeal for central bankers

    CBDCs now hold wholesale appeal for central bankers

    Luna crash sends a chill through decentralised finance market

    Luna crash sends a chill through decentralised finance market

    Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

    Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

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Blockchain development giant Brugu makes US$25 million windfall gains

April 1, 2022
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Blockchain development giant Brugu makes US$25 million windfall gains
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A new found craze for NFT and metaverse coupled with a favourable regulatory environment and an increasing appetite for blockchain adoption have seen Brugu’s growth skyrocket to new hei ghts HYDERABAD, India, April 1, 2022 /PRNewswire/ — Brugu Software Solutions, one of India’s fastest growing blockchain development and engineering companies, has announced a major boost in its annual revenue, thanks to a flurry of new business and strategic alignments with key clientele.

Brugu has hit a market capitalization of $28.5 million in the first quarter of 2022.

The company witnessed a threefold increase in the number of clientele during the past year thanks to massive adoption of DeFi in the financial sector, metaverse in gaming and Web 3.0.

”This has been the best year for us so far. We are banking on the exceptional growth of the blockchain and crypto industry being driven by an increase in the adoption of NFT and metaverse,” says V.S. Kiran Paturi, CEO, Brugu Software Solutions.

As per a recent report by Fact.MR, the blockchain technology market is expected to register a CAGR of 84 per cent during the next ten years to touch US$ 3,273.83 billion by 2032. Separately, another report based on estimates compiled by Bloomberg using trading volume data indicates that about USD$3 million is being generated every day in profit alone by the top ten cryptocurrency exchanges.

”These are big numbers. The industry is all set to grow further following new regulatory guidelines and widespread use of blockchain technology,” says Kiran.

Brugu offers end-to-end blockchain development solutions including blockchain technology consulting, development of dApps, smart contracts, blockchain wallets and decentralized exchanges, and tokenization.

Brugu has also entered into strategic alliances with some of its select clients. ”We have initiated key agreements with select partners, where in addition to the development fee we also acquire stocks and participate in their growth journey,” says Kiran. ”For one such client, we had a mandate to develop the smart contract system along with the token presale platform besides offering consultancy service prior to listing on various exchanges. It took them just three weeks to reach a market capitalization valuation of approximately $1 billion, making it the fastest-growing crypto project ever,” added Kiran. This partnership, where Brugu holds a stake, along with new projects and associations is all set to catapult the company’s market capitalization to US$200 million by the end of 2022.

”We are working on a new metaverse gaming project, which is in the advanced stages of completion. We are expecting a ten-fold increase in our growth by the end of the year,” adds Kiran.

Brugu is also gearing up to achieve a valuation of US$1 billion by 2024.

About Brugu Brugu Software Solutions Private Ltd is a Hyderabad-based blockchain development and engineering company enabling enterprises and start-ups in developing cryptocurrency and decentralized applications.

Brugu offers end-to-end blockchain development solutions including blockchain technology consulting, development of dApps, smart contracts, blockchain wallets and decentralized exchanges, and tokenization.

The company has more than 200 employees working from their offices in the southern Indian cities of Hyderabad & Madurai, and London.

https://brugu.io/ PWR PWR

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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