Web3: Will India miss the bus to the Internet’s future?

Participants at Ethereum Dubai, a developers conference. Image credit: @ETHDubaiConfl via Facebook

Synopsis

Tech giants like Facebook and Google were born in the second stage of the Internet’s evolution. Late to the party, India could only become a service provider to these companies. Even in the mobile revolution, it was a laggard. With its current regulatory approach, the country is likely to be left behind as the world moves towards Web3.

Prasad (name changed) is the founder of a Web3 infrastructure startup. Most of his team members are based in Bengaluru, while Prasad spends his time between India and Dubai, an upcoming Web3 hub. With the startup set to launch its product later this year, Prasad and his team are looking to raise funds in the coming months. Prasad says it was a conscious decision not to register the company in India. “There is no regulatory clarity here, and we

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