Bangalore is not a sudden rise to Web3 hub. Several factors, from favorable government policies to good technological development, are propelling this transformation.
Policies and supporting ecosystem: The Karnataka government is taking active steps to promote emerging technologies. An environment conducive to innovation has been created by policies targeting support for startups and investments in technology parks. Similarly, Bangalore’s history as an IT service hub has led to the adoption of Web3 technologies.
Talent pool: There is a skilled workforce from across India and around the world, attracted by Bangalore’s reputation as a technology hub. The city is known for its prestigious institutes such as the Indian Institute of Science (IISc) and several engineering colleges like WIES. So you have a flow of talent coming out of it, which is important for the advancement of Web3, especially developers, designers and engineers. . It’s an exciting time to be based in Bangalore and the city is rapidly growing as a hub for Maltese blockchain, artificial intelligence (AI) and crypto professionals.
Financing and investment: Web 3 startups have increasingly become the investment target for investors, as this technology has the potential to be transformative. Web3 companies based in Bangalore are also attracting a lot of interest from domestic and international investors. With this volume of capital, startups were able to evolve and innovate, staying on top of Web3 developments.
