India is rapidly emerging as a global leader in Web3, with a report (March 2025) predicting it will become the largest hub for Web3 developers by 2028.
The ‘India Web3 Landscape’ report by Hashed Emergent highlights that in 2024, 4.7 million Indian developers joined GitHub, accounting for 17% of all new Web3 developers globally, making India the second-largest base for crypto developers.
Key development areas include gaming, NFTs, DeFi, and RWAs. Over half of Indian Web3 developers joined in the past two years, and most are under 27 years old.
Hackathons and university partnerships in Odisha, Bhubaneswar, Chennai, and Kerala are helping introduce blockchain technology to students.
India ranks third globally in Web3 startup founders, with over 1,200 startups. Investor confidence has surged, with a 109% increase in funding in 2024, totaling $564 million.
The report highlights AI, RWAs, and staking solutions as major investment drivers, with both global and local venture capital firms heavily investing in Layer 1 and Layer 2 blockchain projects.
