Venture capital fund Hashed Emergent will host a multi-chain Web3 conference in Bangalore, India, at the beginning of December this year. Dubbed “Indian Blockchain Week (IBW),” the event will touch on the country’s growing role in the cryptocurrency industry.
Indians have shown interest in digital assets recently (especially during the COVID-19 pandemic), while some of the leading crypto-related companies have decided to expand their presence in the Asian country.
The first such event in India
According to a document I have seen Potato encryptionThe upcoming Indian Blockchain Week will be the first Web3 event with a comprehensive industry agenda in India. It will run from December 4th to December 10th and will include hackathons and parties.
The main conference will be held on December 6-7 and will include panel discussions, speaker sessions and discussions with participants as part of the blockchain sector.
The IBW will also focus on the latest developments in the cryptocurrency industry, cases of adoption and use of the asset class, and regulations. Last but not least, it will touch on the emerging field of Web3 and its potential advancement in India.
Marketing agency – MarketAcross – will join the conference as a global media leader. The entity has played a similar role in other events, including Korea Blockchain Week, Paris Blockchain Week, WebX, and IVS Kyoto.
The list of speakers participating in the IBW has not yet been released to the public. However, it will feature some notable names as part of the cryptocurrency space. Tak Lee – Managing Partner of Hashed Emergent shared more details about the event:
“We are excited to bring India’s first world-class, industry-wide, multi-chain web3 conference and finally give it the attention it always deserved.
Bangalore ranks among the most prolific startup hubs worldwide, and Indian web 3 startups have made a huge impact on the industry, spearheaded by several highly successful protocols and products. We believe that IBW will quickly become one of the most interesting and diverse gathering places in the cryptocurrency industry. “
Simon Kim, CEO of Hashed, sees India as a “technological innovation hub” that “has penetrated the crypto world with a pool of highly skilled talent and will lead a new wave of the blockchain industry.” It raised hopes that the conference could emerge as the premier blockchain event in the province and put the nation on the Web3 global map.
Indians are flocking to cryptocurrency
Cryptocurrencies have recently been gaining traction in India, with the local population gradually shifting towards the asset class in the past few years. like Potato encryption mentioned In the summer of 2021, investments in bitcoin and altcoins skyrocketed during the health disaster of COVID-19. Some Indians have even given up gold (seen as one of their favorite investment assets) to enter the crypto ecosystem.
Statista reported earlier this year estimated The crypto community in India could reach over 156 million members (about 11% of the population) by the end of 2023.
The analysis showed that the people of Delhi and Bengaluru (where the IBW event will be held) have the highest number of HODLers.
Some prominent crypto organizations have recognized India’s potential and set up offices there. Gemini, for example, recently open Plans to establish a new engineering center in Gurgaon. Gemini Asia Pacific CEO Pravjit Tiwana explained that the company chose India because of its “deep respect and admiration” for its “tradition of engineering excellence”.
The next module will aim to develop the Web3 mobile user experience and enhance the NFT and cryptocurrency markets.
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