{"id":26343,"date":"2022-10-19T15:07:55","date_gmt":"2022-10-19T09:37:55","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=26343"},"modified":"2022-10-19T17:29:12","modified_gmt":"2022-10-19T11:59:12","slug":"india-set-to-emerge-as-key-web-3-0-player-nasscom-report","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/india-set-to-emerge-as-key-web-3-0-player-nasscom-report\/","title":{"rendered":"India set to emerge as key Web 3.0 player: Nasscom report"},"content":{"rendered":"

India is quickly becoming a key player in the Web 3.0 space, according to the report released by Nasscom, the Indian IT trade association. The report titled \u201cThe India Web 3.0 Startup Landscape: An Emerging Technology Leadership Frontier\u201d takes stock of India\u2019s role in the Web 3.0 arena.<\/p>\n

In the first half of this calendar year, India saw the growth of more than 450 Web 3.0 startups, the report states. And the arena has attracted investments over $1.3 billion since 2020. What\u2019s more, Web 3.0 startups in India have grown by about six times since 2015.<\/p>\n

India already is a significant player on the technology landscape, and Nasscom\u2019s report augurs an even brighter future for the country in this sector. Besides, Web 3.0, the third iteration of the internet, has been booming for some time now. So if India rides the wave well, the country\u2019s financial health could get a boost.<\/p>\n

Shedding additional light on the topic, Achyuta Ghosh, senior director and head of insights at Nasscom, revealed<\/a> that a third of such startups mushroomed in the last year alone, and \u201cseveral of them have a B2B model.\u201d The DeFi (decentralized finance) and entertainment sectors largely contribute to the astonishing growth, he added.<\/p>\n

The country has all the building blocks it needs: a high adoption rate, a growing startup ecosystem, and a surplus of digitally skilled individuals. All of this will help India to emerge as a key player on the global Web 3.0 landscape, as per the report by Nasscom.<\/p>\n

Of the 450-plus startups on record in the first half of 2022, the reports says, 82% have been in Tier-I cities. The Tier-II ecosystem too quickly raised through other Web 3.0 functions.<\/p>\n

Furthermore, the report recounted that Indian Web 3.0 actors are not just focused on crypto. They are spread across several Web 2.0 sectors, like finance, decentralized communities, entertainment, and infrastructure, too.<\/p>\n

The report, finally, also foregrounds how the issue of regulatory uncertainty impacts such startups negatively. Many Indian startups from the Web 3.0 space have moved their headquarters out of the country, the report points out.<\/p>\n","protected":false},"excerpt":{"rendered":"

India is quickly becoming a key player in the Web 3.0 space, according to the report released by Nasscom, the Indian IT trade association. The report titled \u201cThe India Web 3.0 Startup Landscape: An Emerging Technology Leadership Frontier\u201d takes stock of India\u2019s role in the Web 3.0 arena. In the first half of this calendar […]<\/p>\n","protected":false},"author":70,"featured_media":26344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-26343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Akumbenla Jamir\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/akumbenla\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/38aea2873be2850fa7502413626eea19?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=26343"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26343\/revisions"}],"predecessor-version":[{"id":26367,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26343\/revisions\/26367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/26344"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=26343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=26343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=26343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}