India's tech scene is booming with Web3! Web3 uses blockchain, a super-secure digital ledger, for things like cryptocurrencies. Many new Web3 businesses (startups) are popping up in India, and lots of money is being invested.
- India is a top country for using cryptocurrency.
- Over 1200 Web3 startups got $564 million in 2024!
- Many young people (Gen Z) are investing in crypto, especially meme coins.
- India has many talented developers working on blockchain technology.
- However, India's laws about crypto are unclear, making things tough for businesses.
| Fact | Number |
|---|---|
| Web3 Startups in India | 1200+ |
| Investment in 2024 | $564 million |
| Gen Z Crypto Investors | 35% |
| Indian Web3 Developers | 8% of global total |
