India and Web3: What next?

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Editor's note: If you’d told me a year ago that Salman Khan would emerge as a Web3 phenomenon in India, I may have thought you were joking. While “Web3” has been the buzzword globally, India hasn’t been far behind in terms of action. The overall ecosystem has undergone a massive boom in the last couple of months, with everyone from celebrities to small artists and even larger companies trying to cash in on the country’s growing appetite for crypto and its allied spaces. Whether it’s Indian crypto trade volumes touching near triple-digit growth or VC firm Antler saying it will pledge nearly $150 million towards crypto-focused startups, the bull run in this space continues. 2021 also marked the year that the Indian government began taking a sterner approach to cryptocurrency regulation, putting the country on par with others taking active strides to regulate this asset. But much of the legal aspect is left to the imagination for the time being as the crypto bill, which was slated to be discussed in the winter session of Parliament, has been put on the back …