Here’s how Graviton is keeping India’s nascent web3 dream on track

Even though India is one of the world’s biggest Web3 markets by both user base and talent pool, with 115 Mn crypto and Web3 users, its stance on Web3 has remained ambiguous, except for cryptocurrency on which it has been stern.

This is especially when, despite being in its nascent stages, the country’s Web3 ecosystem fosters 11% of the world’s Web3 talent, employing nearly 75,000 people, and housing 450 Web3 startups, according to a NASSCOM report.

In the current scheme of things, the country’s Web3 space needs a lot of external and internal support from the custodians of funds, knowledge, and regulations, which, simply put, are investors, industry experts or mentors, and the government.  

Arpit Nik and Naresh Kumar understood this gap, and with their Web3 accelerator programme Graviton, they are working towards fostering the country’s early-stage Web3 startups in their minimal viable products (MVPs) stage.

Graviton Accelerator is a venture of GravityX Capital, a Web3 and crypto-focused incubator fund based out of Dubai. 

Founded in 2020, GravityX invests across the Web3 ecosystem in early and growth stage startups. Since its inception, it has funded eight Web3 startups, with its latest investment coming in the Cyprus-based crypto platform Finery Markets’ $5.5 Mn seed round.

The accelerator programme not only enables the founders but also supports them in building Web3 products at scale.

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