1/ India is quickly becoming a crypto powerhouse, led largely by the quality of founders entering the space
@jumpcapital has been backing Indian crypto founders since 2020 and we're now doubling down on our participation in the Indian ecosystem
Here's why 🧵
@jumpcapital has been backing Indian crypto founders since 2020 and we're now doubling down on our participation in the Indian ecosystem
Here's why 🧵
2/ Appetite for and engagement with crypto in India is unparalleled
An estimated ~15-20M Indians own crypto. This is ~1.5% of the world's second largest population
Compare this with ~3.7% participation in the ~50 y.o. Indian equity market, and the traction is staggering
An estimated ~15-20M Indians own crypto. This is ~1.5% of the world's second largest population
Compare this with ~3.7% participation in the ~50 y.o. Indian equity market, and the traction is staggering
3/ As most folks here can attest, investing in crypto is often the gateway to building
And we are seeing this happen at an unprecedented rate
On the back of the success of @0xPolygon, @CoinDCX, @CoinSwitchKuber, @WazirXIndia India is rapidly producing a wave of quality projects
And we are seeing this happen at an unprecedented rate
On the back of the success of @0xPolygon, @CoinDCX, @CoinSwitchKuber, @WazirXIndia India is rapidly producing a wave of quality projects
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
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
inc42.com/buzz/how-ispir…
Folks like @balajis have been talking about this for some time, and it is finally happening
(larger announcement on this soon)
inc42.com/buzz/how-ispir…
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
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
calendly.com/shanav/office-…
calendly.com/shanav/office-…
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