
According to a recent FICCI-EY report, Web 3.0 and blockchain technologies could contribute approximately $1.1 trillion to India's GDP by 2032, with a significant portion of this growth expected to be driven by the youth demographic. The report highlights the rapid expansion of the Web3 industry in India, which is supported by over 1,000 startups and a growing number of global Web3 developers. However, challenges such as regulatory uncertainty and talent migration remain pressing concerns. Industry experts emphasize the importance of making Web3 technologies more accessible and secure for the general population, as well as the need for educational initiatives to facilitate mass adoption. Investment in the Web3 sector has surged, with $1 billion allocated to various projects including analytics, messaging, and ad networks. The synergy between India's tech ecosystem and global markets, particularly Silicon Valley, is also seen as a catalyst for innovation and economic growth in the region.
this is a really hard problem to solve. it's both a technical and a "marketing" problem on the tech side, we need to make the app easy to use for users, by "users" i mean both customers and merchants these users shouldn't have to worry about private keys, chains, etc eip-4337… https://t.co/vNbO3UmlXU
"For decentralized applications to achieve Web2-like success, the Web3 experience must be as seamless and convenient as possible." We couldn't have said it better. Great report by @Shoalresearch with everything you need to know about chain abstraction & Universal Accounts!👇 https://t.co/Yu8ZlRYtYr
The technology and innovation synergy between Silicon Valley and India is transforming the global landscape. In the midst of this powerful alliance, https://t.co/a1YRwGXiSY is driving groundbreaking innovations, accelerating economic growth, and tackling global challenges.… https://t.co/NsZftIxu0o
