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According to Tracxn data, Indias Web3 funding has recorded a 96% decline in 2023 from the highs of 2022. Also, the year witnessed just 22 startups being founded in the sector. While industry experts expect a crypto bull run in late 2024, will it bring in the money and quality?
Polygon will zero in on protocol developers as part of its recently announced grant that seeks to attract Web3 startups to its ecosystem, where it previously primarily focused on Ethereum Virtual Machine (EVM) developers, Nailwal said.
The report. titled ‘Unlocking the Web3 Potential: Indias Journey from a Talent Exporter to a Product Powerhouse, said India is home to more than 900 enterprises in the Web3 sector, or the third generation of the World Wide Web, and accounted for 11% of the global Web3 developer community in 2022, securing its position as the third-largest talent pool of developers globally.
The joint programme aims to help early-stage startups in the space build contacts and tap a network of investors, founders and thought leaders to guide them in scaling up and launching innovative products.
Unmarshal is a reliable infrastructure provider in the ecosystem that is capable of delivering streamlined data