Web3 to inject $1.1T in India's GDP by 2032, following 37x growth since 2020
The explosive Web3 growth in the country is supported by several factors, including a large talent pool, a high adoption rate and product development for global markets. The global Web3 boom is expected to add $1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups, including CoinDCX, Polygon and CoinSwitch. A recent study from the National Association of Software and Service Companies (NASSCOM), an Indian non-governmental trade association and advocacy group, highlighted India’s position as a leading global....
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India has emerged as a leading global player in the Web3 market, a new report by Nasscom states. Web3 investments in the country grew 37 times from the start of 2020 to Q1 2022 and $1.1 trillion in Web3 economic value is projected to be added to India’s GDP by 2032. India Emerges a Leading Global Player in Web3 Market Nasscom published a report titled “The India Web3 Startup Landscape: An Emerging Technology Leadership Frontier” Wednesday. Established in 1988, Nasscom is a non-profit industry association for the technology sector in India. The organization has more than....
Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong.
Coinbase Expanding in India With Web3 and Crypto Push
The Nasdaq-listed cryptocurrency exchange Coinbase revealed its plan for India Monday. “India has built a robust identity and digital payments infrastructure and implemented it at rapid scale and speed,” CEO Brian Armstrong....
Bitcoin is taking off around the world. Specifically, there is much potential for growth in Southeast Asia, in particular in a nation with the second largest population in the world: India. I had the privilege of speaking with Sunny Ray who is active in the Bitcoin community in Bangalore, India, Nilam Doctor, CEO of Real Bitcoins, and Harsh Patel, proactive member of the Bitcoin Foundation Education Committee who is located in Mumbai. The Bitcoin community in India is continuing to expand. Sunny Ray is currently involved in theunocoin project and serves as an integration partner with....
A 2020 report by Top10VPN found India to be the country that suffered the most economic damage from internet disruptions.
Bitcoin Meetup groups are thriving over the past few years, and the recently posted power rankings show some interesting facts once again. It should come as no surprise to anyone that Bitcoin Meetup groups in India are growing by leaps and bounds. But the European Bitcoin Meetup groups should not be underestimated either. Even though very little of the conferences and educational efforts are aimed at European and developing markets, there is still a huge growth in Bitcoin Meetup numbers. According to the latest power rankings, the Bangalore India Bitcoin Meetup saw a member growth of....