India to Become Largest Hub for Web3 Developers

A recent report highlights India’s rapid growth in the Web3 sector, projecting it will become the largest hub for Web3 developers by 2028.

Key Points

Developer Surge: Over 4.7 million Indian developers joined GitHub in 2024, accounting for 17% of new Web3 developers globally.
Global Crypto Developer Base: India is now the second-largest base for crypto developers worldwide.
Core Focus Areas: Indian Web3 developers are engaged in gaming, NFTs, DeFi, and real-world assets (RWAs).
Youth & Hackathons: Most developers are under 27, with hackathons and university partnerships driving blockchain adoption.
Web3 Startup Boom: India ranks third globally in Web3 startup founders, with over 1,200 startups.
Investment Growth: Web3 funding in India rose 109% in 2024, reaching $564 million and surpassing $3 billion in total investments.
Key Investment Drivers: AI, RWAs, and staking solutions are attracting major global and domestic venture capital investments.