Indian Couple Celebrate Blockchain Wedding With NFT Vows, Digital Priest
A young Indian couple used non-fungible tokens (NFTs) to digitize their love for each other until eternity on the Ethereum (ETH) blockchain.
Recently married couple from Pune, India, Shruti Nair and Anil Narasipuram decided to take their courtship wedding to the next level by hosting a blockchain wedding. According to to Anil, the husband:
“I read about how people in other countries were doing blockchain weddings and that got me motivated.”
Another prominent crypto entrepreneur who has followed the trend is Rebecca Kacherginsky, product designer at Coinbase.
— Rebecca Kacherginsky (@rgoldilox) April 2, 2021
As part of the Indian blockchain wedding, the couple were accompanied online by Anoop Pakki, who was responsible for minting the NFT – aka the Digital Priest.
“We read the vows and after receiving blessings from our digital priest, I confirmed the transaction to transfer the NFT to my wife’s digital wallet,” Anil said explaining the “Transaction took a few minutes (and approximately $35 in ETH gas fees) after which we were declared husband and wife by our digital priest!”
The couple unanimously read the vow: “We won’t make big promises, but we’ll do everything we can to make it work. Through all our disagreements and conflicts, we hope to develop our understanding of each other and ourselves. We don’t expect to be the whole village for each other, but we will be side by side, hand in hand, walking together on this adventure.
The wedding vow, which came in the form of a digital image, was later minted as an NFT by the digital priest on the OpenSea platform. The description of the NFT reads as follows:
“This contract is between Shruti Sathian Nair, born March 17, 1988, and Anil Mohan Narasipuram, born October 11, 1986. The parties to this agreement are hereby declared husband and wife, on November 15, 2021 and shall hold, in the event sick and healthy, now and in perpetuity.
Related: India to introduce 30% crypto tax, digital rupee CBDC by 2022-23
Indian Finance Minister Nirmala Sitharaman announced the launch of a Central Bank Digital Currency (CBDC) along with a 30% crypto tax by 2022-23 during the Union Budget 2022.
As Cointelegraph reported, Sitharaman said the launch of the CBDC will give a “big boost” to the digital economy as well as the possibility of a more efficient and cheaper currency management system. His proposal suggested:
“Any income derived from the transfer of any virtual digital asset is taxed at the rate of 30%. No deduction in respect of an expense or an allowance is authorized when calculating this income, with the exception of the cost of acquisition. »