Employing nearly 75,000 blockchain professionals, the country currently possesses 11% of the world's Web 3.0 talent.
According to a new study published by the National Association of Software and Services Companies , a nonprofit organization in India with over 3,000 members, the country currently possesses 11% of the world’s Web3 talent. The figure makes India the world’s third-largest regarding its Web3 workforce, employing nearly 75,000 blockchain professionals today. Furthermore, the industry group expects the talent pool to grow by over 120% within the next two years., four of which are unicorn companies.
The vast majority of firms listed in the study are building applications in decentralized finance, gamingmarketplaces, metaverses, decentralized communities, on-chain coordination mechanisms and so on. Within the next few years, NASSCOM remains optimistic about Web3’s growth outlook in the country, stating that it expects the number of Indian internet users to increase by 150 million and 5G users in India to increase to 500 million. Debjani Ghosh, president of the NASSCOM, commented:
“India’s rapid adoption of new-age technologies, its growing startup ecosystem, and large-scale digitally skilled talent potential is cementing the country’s position in the global Web3 landscape. It is heartening to see that industry and government stakeholders in India are taking a very pragmatic approach toward blockchain tech, with use cases being explored in areas ranging from health and safety, finance, enterprise tech and land registry to education.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shopify partners with Novel to deliver accessible Web3 for merchantsAs an all-in-one Web3 tool on Shopify, the Novel app powers token-gating for retailers to add use cases to their NFT collections.
Read more »
Ripple’s $250M fund backs Web3 projects focused on ‘entertainment and media’The blockchain company will support indie creators with the technical, financial, and co-marketing support necessary to engage with their communities through NFTs.
Read more »
Uplift DAO Inks Partnership with MoonPay to Make Web3 Investing EasierMoonpay infrastructure willl be available for all users of Uplift DAO's launchpad for early-stage products
Read more »
Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFiThe blockchain gaming industry will benefit from the 1 billion online video game streamers expected in 2025.
Read more »
Dating Apps Make a Compelling Case for Private Blockchain and Web3 | HackerNoonDating apps using private blockchains can quickly verify users’ actual identities through blockchain, eliminating any misrepresentation or identity thefts. - web3 web3development
Read more »