BLOOMING INSIGHTS

Do you remember the famous NFT called “The First 5000 Days” by Beeple? It was sold for $69.3 million.  But what exactly are NFTs? Non-fungible tokens (NFTs) are assets like artworks, images, GIFs, videos, tweets, documents, and more. These tokens are created using blockchain technology, such as Solana, Ethereum, Cardano and others.  Each NFT has some unique identification codes created through an encryption function from metadata. These tokens are then stored on a blockchain ledger while the assets themselves are stored in other places, the connection between the token and the asset is what makes it one-of-a-kind and irreplaceable. The very first NFT sold was “Quantum”, created by Kevin McKoy in 2014 on blockchain (Namecoin). With the advent of Ethereum blockchain in 2017, the NFTs started gaining much recognition. However, the NFTs market has experienced a dramatic roller-coaster over the past 3 years characterising a meteoric rise, rapid fall and now signs of revival...

Introduction In recent years, the Indian real estate market has been the subject of much debate and speculation. Some experts have raised concerns about the possibility of a bubble, citing factors such as rapid price appreciation, high levels of unsold inventory, and a slowdown in sales. Home prices in almost all large Indian cities are unaffordable. In cities like Mumbai and Gurgaon, buying a home demands decades of savings.  In fact, as The Times of India   reported on June 24, 2025, it would take 109 years of savings for the richest 5 percent of families in Mumbai to be able to buy a home to live in. In Gurgaon it would take 64 years. For Bengaluru and Delhi, the figure was at 36 years and 35 years respectively. Now, these are average numbers, and like all average numbers they hide more than they reveal. Nonetheless, even if it would take half the number of years, the message is simple: Home prices in Indian cities have reached extremely high levels. Why Bubble migh...