No crypto or token: Will Web3 association Blockniti be any different from its predecessors?

Synopsis
Blockniti intends to work with traditional finance in areas like real-world asset tokenization. Over the past few years, multiple such associations have come up in the country. From focusing on leveraging blockchain as a technology, building community, to those concentrating on core crypto businesses, like exchanges. Was there a need for another one?

On February 10, a group of entrepreneurs, and legal experts came together to launch a new association Blockniti, primarily representing the growing blockchain and Web3 ecosystem in the country. This is one of the many crypto/Web3 collectives that has come up in recent times and some that failed to take off in early 2022 (we will talk more on this later). So, what is a big deal about this? The association’s press release stays clear of the words