Exclusively tailored for Indian developers active in the Solana ecosystem, CoinDCX, Solana Foundation, and Superteam collaboratively introduce a ₹25 crore grant program for Web3 developers in India.
Launching opportunities for Indian blockchain developers, this initiative strengthens the nation’s position as a vibrant global hub for Web3 innovation. Exclusively tailored for builders within the Solana ecosystem, the program aims to promote the adoption of public blockchains in India.
Empowering India’s Web3 Potential: Solana Foundation and CoinDCX Grant Program
Sumit Gupta, Co-Founder of CoinDCX, emphasizes the need to foster talent in blockchain software development, drawing parallels with the success of India’s IT/ITeS sector. With India already contributing 11% of global Web3 developers, he envisions government support transforming the nation into a Web3 powerhouse, adding a substantial $1.1 trillion to the economy.
Scheduled for launch on January 26, 2024, aligning with the Republic Day theme “Viksit Bharat” (Developed India), the grant program signifies a strategic move by Solana Foundation and CoinDCX to tap into India’s flourishing Web3 market. This initiative reinforces the country’s global technology hub status, showcasing its entrepreneurship and capability to build world-class Web3 products and apps.
Solana Foundation Grants: Fostering Web3 Innovation
The Solana Foundation grants, accessible to all Web3 enthusiasts, extend to a diverse range of participants, including individuals, independent teams, governmental bodies, non-profit organizations, corporate entities, universities, and academic institutions. The inclusive grant application process welcomes contributions from various sectors.
Successful grantees will gain access to Superteam India, an exclusive community within the Solana ecosystem. Comprising contributors dedicated to advancing the next generation of internet applications and protocols, Superteam India offers a unique collaborative environment.
The ₹25 crore grant program’s utilization will prioritize the advancement of blockchain education, support hackathons, and drive the adoption of public blockchains. This strategic initiative aims to empower a broad spectrum of participants in the Web3 space.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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