India Emerges as a Global Leader in Web 3.0 Talent and Innovation
India's Web 3.0 Ecosystem on the Rise
India is quickly establishing itself as a key player in the global Web 3.0 landscape. With 11% of the world's Web 3.0 talent, the country ranks third in terms of its blockchain workforce, currently employing approximately 75,000 professionals. This number is expected to grow by over 120% in the next two years, highlighting India's potential to become a major hub for decentralized technologies.
A Thriving Startup Environment
The Web 3.0 ecosystem in India is further bolstered by 450 startups, four of which have achieved unicorn status. These companies are not only driving innovation domestically but also expanding their reach internationally, with over 60% of Indian Web 3.0 startups operating outside the country.
Significant Investment Inflows
The Indian Web 3.0 sector has attracted substantial funding, with $1.3 billion raised by April 2022. This influx of capital underscores investor confidence in the country's ability to lead in the global Web 3.0 revolution.
India's combination of a skilled workforce, entrepreneurial spirit, and robust funding positions it as a critical contributor to the future of Web 3.0 technology.
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