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- India fosters over 1,000 Web3 startups with $3B in funding since 2020, leading global blockchain development by 2027.
- Web3 gaming in India projects $9.2B growth in five years, fueled by innovative blockchain platforms and global investments.
India’s Web3 space has been popping off, with over 1,000 Web3 startups since 2020 and it has drawn combined investment of $3 billion. India now has over 12% of the world’s blockchain developers because of this explosion of invention and investment.
Industry analysts predict that India, as the epicenter of blockchain development, could surpass its rivals and lead the global developer community by 2027.
INDIA’S WEB3 BOOM IS JUST GETTING STARTED
India’s Web3 scene is popping off with over 1K startups and $3B in funding since 2020; it’s now home to 12% of global devs and will take the lead by 2027.
Crypto’s rising again, with 45% of retail portfolios in blue-chip coins; Web3… pic.twitter.com/TDIl3WiusT
— Mario Nawfal’s Roundtable (@RoundtableSpace) December 5, 2024
India’s Retail Crypto Surge and Web3 Investment Growth
The growing acceptance of crypto among ordinary investors further underscores this trend. Data shows that, demonstrating rising confidence in the asset class, 45% of retail portfolios in India now feature blue-chip cryptocurrencies.
With expected $9.2 billion in revenues over the next five years, the Web3 gaming industry is also set for spectacular expansion.
Furthermore, as global investment companies recognize India’s potential as a lucrative market for blockchain innovation, they are increasingly investing in Web3 companies based in the country.
Government-backed projects encouraging blockchain acceptance across sectors balance this flood of finance. Despite these developments, regulatory obstacles continue to pose a significant barrier.
Already somewhat well-known in India are major blockchain systems such as Solana, Polygon, and Ethereum. Their participation not only improves the nearby ecosystem but also motivates additional businesses and developers to investigate blockchain’s transformative potential.
By combining technological innovation with entrepreneurial energy, this dynamic environment helps India to become a major participant in the worldwide Web3 story.
On the other hand, according to CNF, Japan is likewise advancing its Web3 projects on the other side of the world. Japan has modified its regulations to include a dedicated crypto division under the Digital Society Promotion Department. This action represents Japan’s will to support blockchain innovation.
Furthermore, the Regional Revitalization 2.0 initiative includes the use of blockchain and NFTs to support regional businesses and cultural assets internationally.
