India Has the 3rd Largest Web3 Talent Pool in the World: NASSCOM-Hashed Emergent Study

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Bengaluru, Bengaluru, 19th October, 2022, Chainwire

As India’s Web3 ecosystem continues to flourish, the National Association of Software and Services Companies (NASSCOM) has released a study focused on the nascent industry on the sidelines of the NASSCOM Product Conclave 2022 (NPC 2022). The study is sponsored by Hashed Emergent, an early-stage Web3 venture fund focused on investments in India and other emerging markets.

The report titled “The India Web3 Startup Landscape, An Emerging Technology Leadership Frontier” is a first-of-its-kind study by NASSCOM to promote a broader understanding of the current state and future potential of the Web3 industry, along with the challenges it faces in the country.

Currently, India has over 11% of the global Web3 talent, making it the 3rd largest Web3 talent pool in the world. The Indian tech industry directly employs nearly 75,000 blockchain professionals today. Further, this talent pool is expected to grow by over 120% in the next 1-2 years. Amid the surging global demand for blockchain developers and specialists, India’s fast growing talent pool has clear advantages when it comes to expertise development, quick reskilling, and bridging the Web3 demand-supply gap.

The country is home to over 450 active Web3 startups, including four unicorns. With increasing confidence and interest from global investors, investments in Indian Web3 and Web 2.5 startups have also soared. The Indian Web3 ecosystem has raised $1.3 billion funding through April 2022.

The sector is also delivering global products from India to the world. Over 60% of the Indian Web3