Hashed Emergent

‘Top Indian Enterprises Bet On Web3 And Crypto, Even As Regulations Lag’ BW Businessworld covers key insights from the India Web3 Landscape Report 2024, authored by Rohit Chintapali. ?? Read the full story: https://lnkd.in/gev2eDxy

Here’s a recap of the insightful panel discussion from Text to Code #14, where we explored the India Web3 Landscape Report alongside our knowledge partners. The panel featured Parth Chaturvedi from CoinDCX, Darshika Singh from Pi42, Jaideep Reddy from Trilegal, and Sadiq Ahamed from Lysto The Growth Protocol. The session was moderated by Arjun Mukherjee from Hashed Emergent. Parth Chaturvedi highlighted how retail participation has grown over the past year and how users are increasingly interested in newer tokens, such as memecoins. He also emphasized that exchanges remain the first point of contact for many newcomers entering web3, underscoring the importance of educating these users. DARSHIKA SINGH pointed out that India’s derivatives market (futures & options) is booming, with NSE & BSE handling over 80% of total activity. More traders are shifting from equities to crypto derivatives for hedging and speculation. She also highlighted that for India to onboard the next 100 million users, regional content will play a pivotal part, especially in Tier 2 and Tier 3 cities. Jaideep Reddy discussed how India's biggest web3 regulatory hurdle is forex laws, which restrict cross-border transactions. Without clear guidelines, crypto startups struggle to operate globally from India. He noted that India is unlikely to replicate US regulations due to its unique circumstances. However, EU regulations might have a stronger influence in shaping India’s approach. While the US still lacks federal crypto legislation, its evolving policy stance continues to shape global sentiment. India has ranked #1 in crypto adoption, but an untapped market remains the gaming sector. Sadiq Ahamed highlighted how fully on-chain gaming has gained significant traction over the past year, but there is still a whitespace in the market where decentralized ad networks and casual gaming would help bring more users on-chain. We’d like to express our sincere gratitude to our knowledge partners for making the panel and the India Web3 Landscape report a success, and a big thank you to everyone who joined us for an evening of discussion and networking! To learn more about the report, check out the link:?https://lnkd.in/gcwuCQtk

Regulatory & policy alpha has been farmed, staked, distilled, and carefully refined into this report. We cover all things regulatory including its challenges & opportunities, role of key regulators, regulatory & enforcement trends, corporate structure for crypto companies, tax impact of crypto transactions and much more. A massive thank you to the incredible team at Trilegal BLR - Jaideep Reddy, Meyyappan Nagappan, Akshaya Parthasarathy, Vibhore Batwara, Amala Govindarajan and Vishal Rakhecha. Your relentless research, meticulous attention to detail, and thought-provoking insights were key to bringing this report to life. We couldn’t ask for a better team to co-author this report with. Founders, they're a giga-brain team to consult and tackle the complexities of India’s crypto regulatory landscape, highly recommend. A huge thank you to the cracked team I work alongside at Hashed Emergent —your energy and tireless dedication to driving crypto innovation in India has made this report not just possible, but something we can all be proud of. Special thanks to my colleagues (Tak Lee, Sharanya Sahai, Irshad Ahmed, Arjun Mukherjee, Vikram Barandwal and Vaidik Mandloi) for the constant push to deliver better, think bigger, and keep challenging the status quo. Also, a special shout-out & <3 to my partner in crypto Vishal Achanta - your vision, dedication and shared belief in the future of crypto is always a recipe take things to the next level. Last but not the least, many thanks to the Crafters team led by Ravi Koriya for their real-time design support. Always a pleasure working with them!

?? India Web3 Landscape Report 2024 is Live! We are excited to unveil the India Web3 Landscape Report 2024 by Hashed Emergent, in collaboration with our knowledge partners CoinDCX, Pi42, Devfolio, Lysto and Trilegal. Now in its 3rd edition, this is the only annual deep dive into India’s web3 ecosystem, capturing its growth, trends, and global impact. ?? What’s inside? 1???Startups & Investment Landscape 2???Consumer & Enterprise Adoption 3???Developer Ecosystem 4???Regulatory, Tax & Policy ?? Read now: https://lnkd.in/gN6jbdhY A glimpse of key insights ?? 1. Startups & Investment Landscape Web3 funding in India surged in 2024, marking a strong comeback. With 1,200+ startups driving innovation in finance, infrastructure & entertainment, total investment soared to $564M (+109%), with deals up by 43%. Global web3 funds & L1/L2 ecosystems fueled growth, even as domestic investors remained cautious. 2. Consumer & Enterprise Adoption India’s web3 adoption accelerated in 2024, driven by renewed retail participation, evolving investor preferences, and deeper enterprise and government integration. India continues to lead the world and outperform developed nations in blockchain adoption securing the top rank for crypto adoption as per Chainalysis for a second consecutive year as measured by several on-chain metrics. 3. Developer Ecosystem India’s presence in the global web3 developer landscape continues to strengthen, now accounting for 8% of full-time developers and 12% of total web3 developers worldwide. In 2024 alone, India contributed 17% of all new developers entering the space—the highest of any country. While Ethereum continues to be a dominant choice, developers are increasingly exploring newer ecosystems like Aptos Foundation, Base, and Solana Foundation. This section also includes insights from our survey of 500+ Indian developers, highlighting their trends and preferences in web3. 4. Regulatory, Tax & Policy The regulatory landscape of India's web3 sector has undergone significant evolution. Initially driven by a ‘ban crypto’ mindset, the approach has shifted to a more nuanced understanding and acceptance of web3, with the overarching objective of regulating the sector in step with international consensus. The next few years will be key as India navigates towards a clearer regulatory & institutional framework for web3 innovation. ?? Get the full report for key insights on startups, adoption, developers & policy shaping India’s web3 ecosystem. ?? Download the full report here: https://lnkd.in/gN6jbdhY If you’re in Bangalore tomorrow, join us for an in-person discussion on the report with our knowledge partners CoinDCX, Pi42, Devfolio, Lysto, and Trilegal. ?? March 12 | 7 PM ?? Hashed Haus, Bangalore Sign up now: https://lu.ma/k2z62miv

We’re back with the 14th session of Text to Code! This time, we’re unveiling the 3rd edition of the India Web3 Landscape Report, a deep dive into the trends shaping India’s Web3 ecosystem. From the rise of developers to shifts in funding & regulation, this report captures key insights driving adoption & innovation. To mark the launch, we’re hosting a panel discussion featuring Parth Chaturvedi, Darshika Singh, Iqbal Ahmed, Jaideep Reddy and Arjun Mukherjee diving into the state of Web3 in India. Expect open conversations, networking, and insights from fellow builders, investors, and policymakers. Don’t miss out! ???? Join us next week! ??? 7 PM, March 12 (Wednesday) ?? Hashed Haus, Bangalore ?? Sign up below to attend! https://lu.ma/k2z62miv

Stablecoins are rapidly transforming Africa's financial landscape, offering an accessible and efficient solution to address longstanding banking challenges and drive financial inclusion across the continent ?? . In our latest blog post, "Stablecoins: Leapfrogging Africa's Financial System" ? authored by Ayush Ghiya and Uchenna Edeoga, we explore how stablecoins are bypassing traditional banking hurdles to deliver real-time, low-cost financial solutions. Here's what you'll discover: ???? Insights into why Africa is the perfect market for stablecoins. ???? An analysis of traditional cross-border payment systems and how stablecoins are disrupting them. ???? Country-specific case studies on stablecoin adoption. ???? Key use cases for stablecoins in Africa, including inflation hedging and addressing the $330B credit gap. ????Spotlight on leading projects driving stablecoin innovation and adoption across the continent. If you're interested in understanding how stablecoins are reshaping Africa's financial landscape, this article is for you. ???? [Read the full article here]???? https://lnkd.in/gmwTGZ8H ???

Gamerboard, backed by Hashed Emergent, has been acquired by TURF.GG to power AI-driven gameplay analytics. With Gamerboard’s zero-integration tech, Turf’s collector nodes will now autonomously extract real-time gameplay data, helping gamers monetize their skills and giving developers deep insights to improve game mechanics. ?? Read more: https://lnkd.in/gMF_5KSb

2024 has been an exceptional year for us at Hashed Emergent, defined by significant milestones and achievements across the Web3 ecosystem. We’ve compiled all our key milestones in the article below:

We opened the India Blockchain Week (IBW) Conference 2024 by exploring why India ‘should’ lead in Web3. Here are key insights from Tak Lee, CEO & Managing Partner at Hashed Emergent, during his opening keynote: ?????????? ???? ?? ???????????? ?????????????????? Indian success stories inspire global hope, showing how a nation mirroring the world’s diverse realities can achieve population-scale impact. Its economic spectrum drives scalable solutions with global relevance, while diverse regional needs create a foundation for inclusive growth. India’s democratic fabric embodies the principles of decentralization, making it a fertile ground for transformative Web3 innovations. From UPI-driven financial inclusion to the upcoming Finternet Era of decentralized microfinance, India showcases scalable models of empowerment. Its socio-cultural diversity fuels interoperable innovations enabling inclusive representation. ?????????? ???? ?? ???????????? ?????????? ?????? ???????????????? ?????? ???????????????????? Indian innovations redefine global possibilities, embodying the resilience and ambition of emerging states and underdogs worldwide. It proves how local ingenuity can craft global success stories. India excels in efficiency by leapfrogging traditional systems. Its electoral process handles hundreds of millions of votes in a single day, and its service delivery models balance speed and affordability. Leading the digital payment revolution, India processed 89.5 billion instant payments worth $1.5 trillion last year. With 14 countries integrating UPI and 7 adopting identity solutions based on India Stack, India sets an archetype for globally scalable solutions. ????????: ???????????????????????? ??????????’?? ?????????????? ?????????????????????? As the largest consumer base for crypto and blockchain-enabled services, India is poised for rapid adoption. Both public and private sectors are launching blockchain initiatives, signaling transformative potential. Achieving global Web3 leadership requires synergizing operators building impactful ecosystems, investors driving innovation with strategic capital, and regulators crafting pragmatic policies. Tak concluded his keynote with proposals for investors, operators, and regulators, pages 15-20. The remarkable passion shown by the participants, sponsors, and thought leaders at IBW 2024 have left us inspired and hopeful. Together, we are not just observing change, we are at the forefront of shaping it.

We kickstarted India Blockchain Week (IBW) Conference 2024 by giving an exclusive preview of our flagship India Web3 Landscape Report 2024! Sharanya Sahai, Senior Associate at Hashed Emergent, presented groundbreaking insights, expertly co-created with our partners CoinDCX, Lysto, Devfolio, Pi42, and Trilegal. Together, we unveiled a landscape brimming with potential and innovation. India is home to 1,000+ Web3 startups, with $462M investments made in the first nine months of 2024 , an 82% growth from last year. With the third-largest founder base and 11.8% of global crypto developers, India is projected to become the largest developer hub by 2028. ?????????????????? ?????????????????? India hosts 11.8% of global crypto developers, making it the second largest hub worldwide. In 2024, developers increased by 28% to 4.7M developers on GitHub, where 85% are under 27, favoring Ethereum alongside emerging chains like Avalanche, Solana Labs, Polygon Labs, Coinbase Base, TON Foundation, and Aptos Foundation. ???????????????? ?????????? 2024 investor growth surpasses 2022 and 2023 combined. While young investors form 35% of the base, mature investors in their 40s demonstrated three times higher per-user investment values.? ?????????????????????? ?????????????????? ???????????????????? North East India leads in investor growth per capita, with 45% of retail portfolios in blue-chip cryptocurrencies. Memecoins saw a 5x increase vs industry average, driven by the 27-40 age group leveraging higher income levels and financial awareness. ???????????????????????? ???? ?????????????? 66% of futures traders are under 35, with 59% using stop-loss strategies. 96% maintain positions under $12, with scope for inclusivity as only 10% of traders are women. ???????????? ???????????????????? Web3 gamers spend twice more than their web2 counterparts, with 60% of web2 players trying web3 games, 38% of these continue engaging. ????-?????????? ?????????????? India ranked #1 position among 150+ countries in 2024. The nation's leadership is consistent with $145B in on-chain value received. ???????????????????? ?????????????????????? Implementing blockchain for governance and the Finternet framework is enhancing efficiency across sectors and steaming-up activity in private-sector. ???????????????????? ?????????????????? India is at an inflection point, it can be a bystander or a frontrunner by addressing regulatory hurdles with progressive policies. Key areas are blockchain-enabled transparency, safe banking access, empowering private sector innovations, tax optimization, and robust VASP regulations. Sharanya Sahai emphasizes that India’s Web3 ecosystem is not just a market; it is a movement! Together, we are reshaping global innovation through resilience and collaboration. A heartfelt thank you to all contributors whose expertise made this report possible. Stay tuned for the full report, including Q4 2024 data, to be released in Q1 2025!