India Blockchain Week 2024 highlights $462M Web3 investments, 82% YoY growth, and India’s rise as a global blockchain hub with 1,000+ startups.
India Blockchain Week 2024 Showcases $462M Web3 Growth
India Blockchain Week (IBW) 2024 has unveiled staggering growth in the country’s Web3 ecosystem, with investments reaching $462 million in the first nine months of 2024—an 82% increase from last year.
This milestone highlights India’s rapid emergence as a blockchain innovation and entrepreneurship hub.
The conference attracted 3,500 attendees and featured 150+ industry leaders, including Polygon Co-founder Sandeep Nailwal and BitGo COO Chen Fang.
India’s Web3 ecosystem, now the world’s third-largest, boasts over 1,000 startups and significant developer participation.
This year, 4.7 million developers joined GitHub, a 28% year-on-year growth rate, the highest globally.
Prominent investors such as Coinbase Ventures and Animoca Brands joined local leaders like Hashed Emergent in driving this growth, signaling strong global confidence.
New initiatives, like Mudrex’s #LearnwithMudrex for crypto education and the Growth Protocol blockchain by Nazara Technologies, further emphasize the ecosystem’s innovation.
India’s Web3 Future Looks Bright
With its entrepreneurial spirit and increasing global investment, India is set to become the largest Web3 developer hub by 2027.
IBW 2024 has solidified the country’s role as a trailblazer in blockchain, bridging innovation and global collaboration for a sustainable, tech-driven future.
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