4/ Projects like @Instadapp have quickly scaled to multi-billion dollar TVL, while others like @staderlabs are rapidly building key pieces of crypto infrastructure
5/ Crypto has ushered an era where, for the first time, it doesn't matter where you are from. Anyone with raw technical talent can build projects for global audiences permissionlessly
And India has arguably one of the greatest untapped pools of technical talent
6/ However, it's not just the quality of founders and projects that make us bullish on the Indian crypto ecosystem
7/ @Product_nation (iSpirit), thought leaders behind India stack, have become increasingly vocal about integrating crypto
Folks like @balajis have been talking about this for some time, and it is finally happening
(larger announcement on this soon)
8/ Over the past few months @jumpcapital has backed a number of quality projects in the Indian crypto ecosystem, each of which deserves a separate announcement
We believe the Indian crypto ecosystem is still nascent, and are looking to back the founders building it out
9/ Over the net few weeks I am opening part of my calendar up to meet anyone who is building or investing in the Indian crypto ecosystem
2/ Stablecoins gained meaningful traction over the past year as a base pair for most crypto exchange markets, as trading volume grew
We believe that the next leg of stablecoin adoption will be as a global medium of exchange
3/ While the lightening network has shown some progress, we believe that stablecoins will be the dominant medium of exchange crypto-asset in the near to mid-term for two reasons
i. Composable with digital economies
ii. Single, stable currency denomination