<p>Hashed Emergent, a subsidiary of South Korean blockchain venture capital Hashed, will host <a href="https://indiablockchainweek.com/" rel="noopener noreferrer nofollow">India Blockchain Week (IBW) 2023</a> at the Sheraton Grand Hotel in Bangalore, India, from December 4 to 10.</p><p>Hashed Emergent is a venture capital firm specializing in investments in early-stage companies bridging the gap between Web2 and Web3 in India. The firm was established by Hashed, a group dedicated to propelling the global adoption of the Web3 ecosystem. Hashed Emergent seeks to tap into the potential of emerging markets.</p><h2 id="header-0">India’s Web3 surge</h2><p>India is exhibiting promise in the Web3 market, driven by its economy, population, and tech advancements. Since 2015, there has been an increase of about sixfold in the number of Web3 startups in the country, with the count reaching 450 as of April 2022. Among them are four unicorns, namely Polygon, FalconX, CoinSwitch, and CoinDCX. Investment in Web3 startups has also seen a rise, with the figure touching $1.3 billion between 2021 and the first quarter of 2022. Furthermore, the Indian government appears to be taking a more accommodating stance towards the Web3 industry.</p><p>Hashed Emergent is organizing this event for the first time to accelerate the expansion of the Web3 ecosystem in the burgeoning Indian market. IBW2023 is an international multi-chain conference that will delve into Web3 conversations across all industries. It is designed to foster connections between blockchain enterprises in India and abroad, uniting participants from the multifaceted blockchain landscape.</p><p>Echoing the prominence of notable blockchain events like Singapore’s Token2049 and Korea’s Korea Blockchain Week (KBW), IBW2023 is expected to attract blockchain enthusiasts from around the world who are eager to see firsthand the evolving potential of India’s Web3 market.</p><h2 id="header-1">Flagship IBW’23 Conference</h2><p>The flagship event, “IBW’23 Conference,” is set for December 6 to 7 and will spotlight five pivotal themes. Discussions will delve into the latest technical advancements in the blockchain realm, the role of Web3 in emerging markets, how global regulations will shape the blockchain sector, the prospects for Web3 in India, and the opportunities and hurdles facing Web3 expansion.</p><p>About 120 prominent figures from the Web3 space are set to grace the event as speakers. They include Mo Shaikh, CEO of layer 1 blockchain developer Aptos Labs; Emin Gün Sirer, CEO of Avalanche blockchain builder Ava Labs; Sebastien Borget, co-founder of metaverse platform The Sandbox; and Simon Seojoon Kim, CEO of Hashed. Furthermore, the blockchain hackathon, ETH INDIA, is poised to attract over 1,500 developers, all geared to create the decentralized future of Ethereum.</p><p>Tak Lee, CEO of Hashed Emergent, <a href="https://www.khgames.co.kr/news/articleView.html?idxno&#61;220191" rel="noopener noreferrer nofollow">highlighted</a> that India has been gaining traction as a major player in the blockchain industry. He shared that both Hashed and Hashed Emergent have been keenly observing the potential of the Indian Web3 market since early 2020. They are dedicated to ensuring IBW2023’s success, envisioning it as the first step towards the explosive growth of the Indian Web3 ecosystem.</p><p>Meanwhile, Hashed Emergent is currently managing its first fund, Hashed Emergent Fund I, which has raised $20 million to date in multiple closings. In its first year and a half, the fund has invested in 28 portfolio companies, many of which have Indian founders. Major portfolio companies include Web3 game discovery and wallet app Glip, Web3 native incubator BuidlersTribe, and African web3 startup Nestcoin.</p>

Hashed Emergent to Host India Blockchain Week 2023 in December

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