essence
Tech giants such as Facebook and Google were born in the second phase of the development of the Internet. Late to the party, India could only become a service provider for these companies. It was backward even in the mobile revolution. With its current regulatory approach, the country is likely to be left behind when the world moves to Web3.
Prasad (name changed) is the founder of a web3 infrastructure startup. Most of his team members are based in Bengaluru, while Prasad splits his time between India and Dubai, an upcoming Web3 hub. The startup is set to launch its product later this year, with Prasad and his team looking to raise funds in the coming months. Prasad says it was a conscious decision not to register the company in India. “There is no regulatory clarity here, and we”
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