Bangalore (Karnataka) [IDANIA], June 6: Levitate Labs, a Web3 scale-up program, proudly launches an upcoming initiative to catalyze the expansion of the Indian on-chain ecosystem through a series of targeted meetups and initiatives. Announces.
India's potential for rapid growth in the on-chain sector is undeniable. According to the Electric Capital Developer Report 2024, Central Asia and Europe lead the number of on-chain developers, with India ranking second globally with a 12% share, followed by the US with 26%. There are approximately 3.5 million aspiring developers in the blockchain sector in India.
The initiative focuses on strengthening the adoption of Base, an Ethereum L2 incubated by Coinbase and designed for security, affordability, and ease of use, targeting the integration of the next billion users on the blockchain.Additionally, Coinbase Ventures will actively explore opportunities within India-based projects, thereby fueling the growth of the ecosystem.
Levitate Labs, with the support of Base, will launch a series of community-driven initiatives to empower startups and developers within India. These initiatives include the Onchain India program, Tier 1 College program and engaging fireside chats with leading ecosystem builders.
“Base is for everyone, and we are excited for Levitate Labs' OnChain India program to support and empower individuals, startups, and communities in India's thriving developer community,” said Sam Frankel, Head of Ecosystem at Base. He said, “We are excited to support Levitate Labs in providing the resources and support needed to unlock India’s on-chain adoption potential.,
Pratik Magar, Managing Partner, Levitate Labs, said, “The collaboration with Base is an important step towards growing the blockchain ecosystem in India. Our goal is to empower developers and startups to leverage Base to create groundbreaking solutions that can revolutionize industries and improve lives. The 'OnChain India' program is a testament to our commitment to foster innovation and entrepreneurship in the Web3 sector."
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India's potential for rapid growth in the on-chain sector is undeniable. According to the Electric Capital Developer Report 2024, Central Asia and Europe lead the number of on-chain developers, with India ranking second globally with a 12% share, followed by the US with 26%. There are approximately 3.5 million aspiring developers in the blockchain sector in India.
The initiative focuses on strengthening the adoption of Base, an Ethereum L2 incubated by Coinbase and designed for security, affordability, and ease of use, targeting the integration of the next billion users on the blockchain.Additionally, Coinbase Ventures will actively explore opportunities within India-based projects, thereby fueling the growth of the ecosystem.
Levitate Labs, with the support of Base, will launch a series of community-driven initiatives to empower startups and developers within India. These initiatives include the Onchain India program, Tier 1 College program and engaging fireside chats with leading ecosystem builders.
“Base is for everyone, and we are excited for Levitate Labs' OnChain India program to support and empower individuals, startups, and communities in India's thriving developer community,” said Sam Frankel, Head of Ecosystem at Base. He said, “We are excited to support Levitate Labs in providing the resources and support needed to unlock India’s on-chain adoption potential.,
Pratik Magar, Managing Partner, Levitate Labs, said, “The collaboration with Base is an important step towards growing the blockchain ecosystem in India. Our goal is to empower developers and startups to leverage Base to create groundbreaking solutions that can revolutionize industries and improve lives. The 'OnChain India' program is a testament to our commitment to foster innovation and entrepreneurship in the Web3 sector."
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