Waving Hello to Web3: The Namaste Web3 Event
Embracing Web3 in India: Will India Seize the Opportunities Worth $5 Trillion in the Web3 Revolution?
Namaste Web3 - a game-changer in the digital realm! This initiative seeks to illuminate the Indian populace about Web3, the upcoming iteration of the worldwide web, brimming with secure, transparent, and efficient decentralized applications. This educational crusade is another drop in the ocean of India's broad effort to enlighten its citizens about Web3 and its myriad advantages, led by CoinDCX, India's premier crypto exchange [3][4][5].
The recent event at the opulent The Imperial Hotel, New Delhi, celebrated Web3's potential in India amidst the nation's power brokers and members of the ruling party. At this soul-stirring conference, "Is Web3 the key to India's $5 trillion dream?", the focus fell on the prospects of Web3 during India's G20 presidency [1].
Industry stalwarts, including Baijayant Panda, National Vice President, and former Law Minister Ravi Shanker Prasad, took the stage to enlighten the audience about the vast possibilities that Web3 promises for India's economy [2]. Dr. Abhishek Manu Singhvi, leading India's parliamentary committee on commerce, showcased himself as an ardent Web3 buff, asserting that Web3 can propel India towards its aspired $5 trillion economy [1].
Pondering the growth of India's economy, which outpaced the overall economic expansion by a whopping 2.4X between 2014 and 2019, Dr. Singhvi emphasized the necessity of initiatives like Namaste Web3, which tour cities inspiring tech enthusiasts and industry leaders to join the Web3 revolution [1].
CoinDCX's Founder and CEO, Sumit Gupta, put forward India's moments as a promising Web3 hub. Blockchain technology, he insisted, presents an answer to several quandaries and offers more control over data [1]. Furthermore, he elaborated, Web3 is the prelude to an innovative technological stack that's building a new internet [1].
The role of India's youth in shaping the nation's economic future was underlined by Mr. Ravi Shankar Prasad, who declared that 100,000 startups in India, primarily owned by the youth, are acclaimed for offering services beyond the country's boundaries [2].
Manish Gupta and Baijayant Panda, National Vice President of the BJB, discussed furthering India's G20 presidency to devise VDA regulatory guidelines in collaboration with international partners [2]. Shweta Shalini also recognized India's G20 platform for supporting the development of blockchain networks and underlined the importance of global interoperability for blockchain's widespread acceptance [2].
More insights on Web3 can be unveiled by reading about the First G20 FMCBG Summit on Policies to Govern Crypto Assets. This event will open the door to manifold opportunities for the burgeoning generation that embraces the Web3 revolution.
- The Namaste Web3 event, spearheaded by CoinDCX, aimed to educate Indians about Web3, a upcoming decentralized iteration of the web, and its potential roles in business, finance, and politics.
- At the Namaste Web3 conference held at The Imperial Hotel, New Delhi, industry leaders like Baijayant Panda and Ravi Shanker Prasad discussed the opportunities Web3 presents for India's economy, particularly during its G20 presidency.
- Sumit Gupta, Founder and CEO of CoinDCX, shared India's potential as a Web3 hub, emphasizing the role of blockchain technology in addressing various issues and providing more control over data.
- The First G20 FMCBG Summit on Policies to Govern Crypto Assets offers insights into Web3, a precursor to a new technological stack that promises to revolutionize the general-news landscape, including cryptocurrency and finance.
