Indore,25th September 2023 CoinDCX, India’s first Unicorn crypto exchange, hosted Namaste Web3 in Indore, a flagship Web3 education initiative that helps spread awareness and education about Web3- the future of Internet. Indore native Sumit Gupta, Co-founder of CoinDCX has been one of the driving forces to support the Web3 ecosystem in India.

The Indore chapter of Namaste Web3 was on the theme “Are you prepared to ride the Web3 wave?”. The event was graced by the presence of Shri P Narahari, Secretary and Commissioner, Department of Micro, Small & Medium Enterprises (MSME) Industries, Government of Madhya Pradesh, Shri Pushyamitra Bhargav, Mayor, Nagar Nigam Indore, and Sumit Gupta, Cofounder, CoinDCX. More than 250 people attended, including notable persons from Indore, Web3 and emerging tech entrepreneurs, developers, and enthusiasts.

India, a nation teeming with innovation and vibrant entrepreneurial spirit, is making waves in the Web3 space. With more than 450 active startups, a formidable talent pool of 75,000 developers, and a growing list of unicorns, India is poised for a remarkable transformation. The country boasts a whopping 11% of the global Web3 talent and the industry has the potential to infuse an additional $1.1 trillion into India’s GDP. In this context, hosting Namaste Web3 in Indore takes on special significance, given the city’s impressive roster of Web3 entrepreneurs, developers, and professionals.

Sumit Gupta, Co-founder of CoinDCX, who has deep roots in Indore, shared a heartfelt message during the event, saying, “Having grown up in Indore, I understand the city’s spirit of entrepreneurship and innovation. It’s a place that has shaped my entrepreneurship journey. As someone who has benefited from this city, I believe in the importance of giving back. Education plays a pivotal role in ensuring that our community is well-equipped with the latest knowledge and developments. To this end, we have initiated several programs, including Namaste Web3. I am proud to witness young entrepreneurs from my hometown city gearing up to become the next generation of Web3 pioneers. I am confident the city holds the potential to evolve into the ‘Web3 Silicon Valley’.”

Delivering a keynote at the event, Shri P Narahari, Secretary and Commissioner, Department of Micro, Small & Medium Enterprises (MSME) Industries said, “Indore, a city known for its entrepreneurial spirit and burgeoning talent pool, is quickly emerging as a prominent hub within the Emerging Tech and Web3 startup ecosystem. With a growing community of budding entrepreneurs and tech-savvy talents, Indore possesses the essential ingredients to become a global Web3 powerhouse. The Government of Madhya Pradesh is committed to nurture the talent and empower our youth with the necessary supportive ecosystem. Towards this, we have initiated a series of initiatives, offer access to resources and support in terms of infrastructure and incentives”.

Shri Pushyamitra Bhargav, Mayor of Nagar Nigam Indore, expressed, “It fills me with immense pride to witness our young entrepreneurs and tech enthusiasts gearing up to chart the course of technological evolution. As the Mayor of Indore, I am wholeheartedly dedicated to nurturing and empowering our city’s youth, positioning Indore as a genuine epicenter of innovation and excellence within the domains of Emerging Tech and Web3. Education serves as the cornerstone of building a robust and vibrant community, and events like Namaste Web3 play a critical role in supporting and nurturing this ecosystem. They provide a valuable platform for our matured talent to learn, network, and excel, further propelling our city into the forefront of technological advancement.”

The Namaste Web3 Indore chapter celebrated the remarkable contributions of entrepreneurs and founders from Tier 2 and Tier 3 cities to India’s thriving startup ecosystem. It highlighted the rise of ‘New India,’ driven by the boundless aspirations, impressive skills, and unwavering commitment of the millennial workforce.

The fireside chat on ‘Entrepreneurship in the Web3 Era’ by Mr. Sumit Gupta, Co-founder & CEO of CoinDCX, explored key aspects of entrepreneurship in the evolving digital landscape. There was a panel discussion on ‘Web3 and Entrepreneurship,’ featuring distinguished speakers such as Mr. Dilip Chenoy, Chairman, Bharat Web3 Association; Koushik Bhargav Muthe, Co-founder & CTO, Zoth; Dr. Ravi Chamria, Co-founder CEO, Zeeve Inc.

The event ended with a panel discussion on ‘The Tokenization of Real World Assets(RWA)’. The panel comprised of notable speakers from the industry such as Mr.Rohit Khandelwal, Co-founder, Coin Gabbar, Ashish Anand, Co-founder & CEO, Bru.Finance & Founder Whrrl, Ravikant Agarwal, Director of Growth, Polygon, Aritra Sarkhel, Director & Founding Team, ANQ, Pranav Maheshwari, Sr. Solutions Architect at Edge & Node and Pranav Pagaria, Vice-President, Finance Strategy & Tax, CoinDCX.