Bangalore, India, sixth June 2024, ZEX PR WIRE, Levitate Labs, a Web3 Scale-up program, proudly pronounces an upcoming initiative to catalyse the growth of the Indian on-chain ecosystem by a sequence of focused meetups and initiatives.
India’s potential for exponential development within the on-chain area is simple. In accordance with the Electrical Capital Developer Report 2024, Central Asia and Europe lead within the variety of on-chain builders, with India securing the second place globally with a 12% share, following the US with 26%. India boasts roughly 3.5 million aspiring builders within the blockchain area.
This initiative is targeted on fortifying the adoption of Base, an Ethereum L2 incubated by Coinbase and designed for safety, affordability, and ease of use, concentrating on the mixing of the following billion customers onto the blockchain. Moreover, Coinbase Ventures will probably be actively exploring alternatives inside India-based tasks, additional fueling the expansion of the ecosystem.
Levitate Labs, with help from Base, will incubate a sequence of community-driven initiatives tailor-made to empower startups and builders inside India. Amongst these initiatives are the Onchain India program, Tier 1 Faculty applications, and interesting Hearth chats that includes outstanding Ecosystem Builders.
“Base is for everyone, and we’re excited for Levitate Labs’ OnChain India program to support and empower individuals, startups, and communities in India’s thriving developer community,” mentioned Sam Frankel, Head of Ecosystem at Base. “We’re excited to support Levitate Labs in providing the resources and support needed to unlock India’s on-chain adoption potential,” he added.
Pratik Magar, Managing Companion of Levitate Labs, remarked, “Collaborating with Base marks a significant step toward scaling the blockchain ecosystem in India. Our goal is to empower developers and startups to create groundbreaking solutions leveraging Base that can revolutionise industries and improve lives. The ‘OnChain India’ Program is a testament to our commitment to fostering innovation and entrepreneurship in the Web3 space.”
