- India added 4.7 million new Web3 developers in 2024, the highest YoY growth globally.
- Key development areas include gaming, NFTs, DeFi, and real-world assets (RWAs).
- Web3 funding in India surged by 109% in 2024, reaching $564 million.
India’s Web3 ecosystem is witnessing unprecedented growth, driven by young developers and strong investor confidence. With over 1,200 startups, the country is fostering innovation across blockchain solutions.
Hackathons and university collaborations are key to onboarding new talent, with cities like Bhubaneswar, Chennai, and Kerala emerging as blockchain education hubs.
India’s Web3 Boom: A New Era of Blockchain Innovation
India’s Web3 growth is fueled by its technological agility, digital-first population, and a rapidly expanding developer base. The nation now accounts for 17% of all new global Web3 developers, making it the second-largest crypto developer hub.
The surge in Web3 activity is also reshaping India’s startup ecosystem, with DeFi, NFTs, and real-world assets attracting significant investment. More than 50% of India’s Web3 developers joined the space within the last two years, highlighting a new wave of innovation.
Enterprise adoption of Web3 solutions is on the rise, with businesses and government institutions integrating blockchain for secure and decentralized operations. India’s developer participation in GitHub reflects this shift, as more coders contribute to Web3 projects.
With major funding flowing into staking solutions, tokenization platforms, and decentralized exchanges, India is positioning itself as a leader in blockchain infrastructure. This rapid evolution is set to establish the country as a dominant force in the global Web3 space by 2028.
India’s Web3 revolution is more than just a trend—it’s a transformational shift in the global blockchain landscape. With young talent, startup growth, and enterprise adoption, India is on track to become the world’s largest Web3 developer hub.
“The future belongs to those who prepare for it today.” – Malcolm X
