Namaste Arbitrum: Mumbai Edition - Aftermovie ๐ฌ
Mumbai, you were incredible! Huge thanks to everyone who showed up and made this meetup special.
A big thank you to our amazing speakers for powering the sessions with insights and energy:
โข @Shreyas__Thakur , @arbitrum Ambassador.
โข @vedantweb3 , Web3 enthusiast and NFT consultant.
And a massive shoutout to our community partners for the support:
โข @weareWeb3Mumbai
โข @web3meetups
Mumbai fam, thank you for the love ๐
The winners of the @MasumiNetwork track at the Cardano Summit 2025 hackathon are in. ๐
Top three projects selected by the Masumi judging panel are:
First place: KarbonSense ๐ฅ
AI powered environmental intelligence with air quality data verified and recorded on Cardano.
Second place: DocuLensAI ๐ฅ
Document analysis agents with Masumi payments on Cardano for verifiable insights.
Third place: CaPRA ๐ฅ
AI assisted scoring for Cardano Catalyst proposals to support better governance decisions.
A huge thank you to Masumi and every builder who took part in this year's Cardano Summit hackathon.
Thrilled to see KarbonSense, built by our incredible dev team as part of the @KarbonLedger solution, take 1st place at the Masumi track! ๐๐ฑ
Proud of the impact we're creating for #transparent, verifiable environmental data on #Cardano. ๐๐ @CardanoSummit
Mumbai showed up and showed out!
Namaste Arbitrum: Mumbai Edition was all about community vibes, fresh ideas, and building the future together on Arbitrum. From sharp convos to new frens, this is just the beginning.
In frame:
๐น@Shreyas__Thakur , Arbitrum Ambassador.
๐น@vedantweb3 , Web3 enthusiast and NFT consultant
๐น@Nandanasetty , a Arbitrum Ambassador who helps run Namaste Arbitrum,
๐ค In collab with
โข @weareWeb3Mumbai
โข @web3meetups
Sponsored by @arbitrum DAO, Hosted by Namaste Arbitrum
๐จ The Madras High Court has recognised cryptocurrency as property under Indian law.
Key points from the judgment ๐
๐น The Court observed that cryptocurrencies are not legal tender but still qualify as property. They can be owned, identified, transferred, and controlled through private keys.
๐น The Court stated that such assets can be owned and held in trust, which means they can form part of someoneโs property and be legally protected.
๐น The Court also held that Indian courts can step in when part of the issue happens in India. In this specific case, the petitioner had transferred money from her bank account in India to buy crypto on WazirX.
๐น The judgment referred to Section 2(47A) of the Income Tax Act, which already recognises virtual digital assets in Indian law.
๐น The Court said cryptocurrency is a form of property that can be held in trust. This means one person can legally hold crypto for someone else, and such an arrangement would be recognised under Indian law.
๐ This judgment adds a little legal clarity for both investors and platforms in India. It recognises crypto as an asset that can carry property rights, giving holders stronger protection in disputes or custodial issues.
๐บTeam1 Hackathon Mumbai Results ๐ฎ๐ณ
450 registration requests. 120 developers selected. 35+ projects submitted. Each team showed great talent, passion, and problem-solving skills and we are glad you joined us to build on Avalanche.
๐ฅ 1st Place: "NeoWeave"
๐ฅ 2nd Place: "EXOS"
๐ฅ 3rd Place: "Arcane Pool"
๐ Special Mentions:
"CPay"
"Chain Shield"
๐ Best Pitch Award: "Fast LC" โ for delivering the most engaging and impactful presentation.
A huge congratulations to the winners, and a massive thank you to all participants who made this hackathon a success.
7 hackathons across 7 cities with over 3500 developers applying to join.
Winner details below ๐
Speaker Spotlight โ Namaste Arbitrum Meetup: Mumbai Edition โจ
Meet @vedantweb3 โ Web3 enthusiast and NFT consultant shaping the decentralized future.
At the Mumbai Edition, Vedant will be speaking on:
โOn-Chain Data on the Arbitrum Blockchainโ
Heโll share his insights on how on-chain data can unlock deeper understanding of Arbitrumโs ecosystem, empower builders, and drive the next wave of decentralized innovation.
๐๏ธ 14 Sept, 2025
๐ Mumbai
๐ Register here: https://t.co/fNuHSGd15Z