Bitget has recently forged a strategic alliance with Avalanche aimed at bolstering the burgeoning Web3 ecosystem in India. This collaboration will focus on launching various initiatives in two key metropolitan areas: Delhi and Bangalore. With a minimum investment of $10 million, the partnership seeks to foster local engagement through community-centric programs, including small grants, scholarships, hackathons, and specialized workshops.
Delhi, recognized as India’s most populous city, and Bangalore, often dubbed the Silicon Valley of India, are pivotal in attracting talent and development resources. The Indian crypto market has exhibited robust growth, evidenced by findings from CoinSwitch, indicating that in 2024, Delhi accounted for 20.1% of total investments, while Bangalore and Mumbai contributed 9.6% and 6.5%, respectively. This surge highlights India’s promising role in the global Web3 landscape, showcasing both its strategic importance and vibrant community dynamism.