India ranks third in the world in terms of Web 3.0 workforce size

19.10.2022 13:29 (Updated 19.10.2022 13:10)
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by Maksym Prykhodko
2 min read

According to a new report released by the Nationwide Affiliation of Software and Providers Organizations (NASSCOM), a non-profit organization in India with roughly 3,000 associates, India presently has 11% of the world’s Web3 knowledge. With roughly 75,000 blockchain specialists already employed, India is the world’s third biggest in terms of its World Wide Web3 workforce. Furthermore, the industry team anticipates that the pool of knowledge will grow by more than 120% over the next two decades.

In addition, India has 450 Web3 startups, four of which are unicorn firms. The Indian World Wide Web 3 ecosystem had raised $1.3 billion in financing by April 2022. Furthermore, more than 60% of Indian Web3 companies have grown their reach outside of India.

According to new research published by the National Association of Software and Services Companies (NASSCOM), a non-profit organization with over 3,000 members in India, the country presently accounts for 11% of the world’s Web3 talent. This statistic places India third in the world in terms of the Web3 workforce, with around 75,000 blockchain specialists already employed. Furthermore, the business association anticipates a 120% increase in the skill pool over the next two years.

There are also 450 Web3 startups in India, four of which are unicorns. The Indian Web3 ecosystem had generated $1.3 billion in financing as of April 2022. Furthermore, more than 60% of Indian Web 3.0 firms have expanded their operations outside of India.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didnโ€™t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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