Pioneering Indian Brands Leading the Web3 Revolution: A Dive into the Path-Breaking Journeys of Five Visionaries
In the rapidly evolving world of blockchain technology, India is making its mark as a global contender. Here are some of the key players contributing to this shift:
Sudhakar Lakshmanaraja, the founder of Digital South Trust, is a vocal advocate for India's potential to lead the way in Web3. He has played a significant role in submitting policy recommendations to the Indian Parliamentary Standing Committee on Finance, aiming to create a supportive regulatory environment that fosters innovation, investment, and job creation in India.
Vedang Vatsa, founder of Hashtag Web3, has provided valuable insights into how virtual digital assets can enable new business models and create opportunities across multiple industries globally. He emphasizes the role of Web3 and VDAs (Virtual Digital Assets) in advancing India’s Digital India initiative and broader economic development goals.
Ankit Anand, AVP at CoinDCX, one of India’s leading crypto exchanges, is at the forefront of driving growth and adoption of digital assets. CoinDCX, under Ankit's leadership and that of other contributors, is playing a crucial role in India’s expanding Web3 economy and ecosystem development.
Jagdish Pandya, the founder of BlockOn Ventures, is focused on Web3 and blockchain startups. He helps incubate and invest in early-stage projects shaping India’s decentralized technology space and has also participated in submitting policy proposals encouraging Web3 innovation in India.
Sumit Gupta, CEO of CoinDCX, projects that India's Web3 sector could add $1.1 trillion to GDP by 2032, highlighting the strategic importance of blockchain and decentralization for India’s digital economy. Gupta advocates for a national mantra of "Make in India For the World" to boost homegrown blockchain infrastructure and global exports.
Other notable figures include Sandeep Nailwal, co-founder of Polygon Technology, who strongly believes in India's potential to be a Web3 superpower, and Kavin Bharti Mittal, founder of Hike, who pivoted his company from a messaging app to building the Rush Gaming Universe.
In the blockchain sector, 5ire stands out as the fastest growing unicorn in India and the only sustainable blockchain unicorn in the world. Polygon has raised an impressive USD 451.5 million over nine rounds from 40 major investors, with CoinDCX raising over USD 247 million between 2012 and 2018, including USD 135.9 M in Series D funding last year.
WazirX, another significant player, offers trading options in over 200 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Tron, Solana, Cardano, and Dogecoin. By 2021, Polygon's Matic was among the top 20 crypto tokens globally, and Polygon had a user base of over 566,516 active users, surpassing Ethereum Blockchain network.
The Rush Gaming Universe, a mobile gaming application, boasts 5.2M+ monthly active users. Meanwhile, CoinDCX has over 1.3+ crore users and 200+ coins listed. These companies are not just shaping India's digital economy but also making a global impact in the Web3 space.
These entrepreneurs' collective efforts aim to create regulatory clarity, foster innovation, attract investments, and position India as a global hub for blockchain technologies. Their work is instrumental in driving the growth and development of India's Web3 sector.
[1] Source: YourStory (https://yourstory.com/2022/01/web3-entrepreneurs-india) [2] Source: Economic Times (https://economictimes.indiatimes.com/tech/tech-news/indias-web3-entrepreneurs-leading-the-charge-in-blockchain-technology/articleshow/91088103.cms) [3] Source: CoinDCX (https://medium.com/coin-dcx/web3-india-s-next-big-opportunity-100-billion-by-2032-5f322572e285) [4] Source: CoinDCX (https://coinDCX.com) [5] Source: Polygon (https://polygon.technology) [5] Source: 5ire (https://5ire.io) [6] Source: Rush Gaming Universe (https://rushgaminguniverse.com)
- The Indian entrepreneurs, such as Sudhakar Lakshmanaraja, Vedang Vatsa, Ankit Anand, Jagdish Pandya, and Sumit Gupta, are actively leveraging investment and funding opportunities in technology to steer India towards becoming a global leader in Web3 and blockchain.
- These entrepreneurs, like Sandeep Nailwal and Kavin Bharti Mittal, are not only shaping India's digital economy but also creating impact in the global Web3 space through their technology-driven initiatives and startups.
- The startups, including 5ire, Polygon, WazirX, Rush Gaming Universe, and CoinDCX, are not only advancing India's technological growth but also contributing significantly to the global Web3 sector through their innovative funding and technology solutions.
