In a historic collaboration, CoinDCX, Solana Foundation, and Superteam have joined forces to introduce a groundbreaking ₹25 Crore grant program for Indian web3 developers. This momentous initiative, revealed on the 75th Republic Day, aims to fuel innovation, cultivate talent, and position India as a global hub for Web3 innovation.
Igniting Innovation: Unprecedented Opportunities for Developers
This grant program, unprecedented in scale for India, promises unparalleled opportunities for web3 developers. With a focus on stoking innovation, the collaboration seeks to unlock the potential of Indian developers in the rapidly evolving Web3 landscape.
Building Web3 Talent in India
Tapping into India’s rich pool of web3 talent, the grant is designed to enhance the capacity of developers. This strategic move aims to drive entrepreneurship, foster job creation, and contribute to the expansion of the blockchain ecosystem.
Mobile-First Real-World Use Cases
The two-year initiative, set to commence on January 26, 2024, exclusively targets Indian builders engaged in the Solana ecosystem. The mission is clear – accelerate the development of real-world use cases and mobile applications, emphasizing a mobile-first approach.
India’s Position in the Global Web3 Landscape
Sumit Gupta, Co-Founder of CoinDCX, expressed enthusiasm about the collaboration, highlighting its potential benefits for the Indian web3 industry. Drawing parallels to India’s IT/ITeS sector, he projected significant contributions to the economy, envisioning a robust 1.1 trillion dollars added.
Commitment to Support Indian Developers
Akshay BD, Advisor at Solana Foundation, emphasized the initiative’s commitment to supporting Indian developers. The tight integration between Solana’s ecosystem and CoinDCX’s products aims to create delightful experiences for customers while staying compliant with existing regulations.
Utilization of the ₹25 Crore Grant Program
The grant program will be utilized to advance blockchain education and hackathons. CoinDCX and Solana Foundation will support technical education, host global hackathons, and collaborate on advancing real-world use cases of public blockchains.
Okto Embedded Wallet SDK: Simplifying the Transition to Web3
Neeraj Khandelwal, Co-Founder of CoinDCX & Okto, highlighted the huge potential for mass adoption of blockchain technology and real-world use cases. The Okto embedded wallet SDK simplifies the transition to Web3, empowering app and internet companies to seamlessly integrate their infrastructure.
CoinDCX’s Role in the Web3 Ecosystem
CoinDCX, through its CoinDCX Ventures, will invest in exciting projects emerging from this initiative, solidifying its position as the Indian entry point/partner for the web3 ecosystem.
About CoinDCX and Solana Foundation
– Established in 2018, CoinDCX is the preferred crypto exchange in India, trusted by over 1.4 crore registered users. Committed to safety, simplicity, and education, CoinDCX has invested in over 15 innovative Web3 projects.
– Solana Foundation:
– A non-profit foundation dedicated to the decentralization, adoption, and security of the Solana network.
This collaboration marks a significant stride in India’s Web3 landscape, propelling the nation toward a decentralized and innovative future.