India has the potential to be the leader in Web3 says Anandan of Sequoia Capital

 

  • India has the unique opportunity to become the global leader in Web3, but needs to get its regulatory and legal frameworks in place, said Rajan Anandan, managing director, Sequoia Capital.
  • In the second half of 2021, Sequoia Capital India made 19 investments in Web3 startups, said Anandan.
  • The concept of Web3 is a decentralized version of the Internet that runs on open-source code such as a public blockchain, the underlying technology for cryptocurrencies
[Via]

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