With the rising interest in cryptocurrencies and the decentralisation, Indian investors, industry leaders, budding entrepreneurs, venture capitalists, and corporations are paying close attention to this market. The event, named “Unfold 2022,” hosted by CoinDCX, was attended by more than 500 guests, including major blockchain influencers from the country at the Sheraton Grand in Whitefield.
It was India’s top Web3 event, and it brought together industry experts and those who are making the necessary provisions to develop in-house blockchain applications and explore opportunities in areas like smart contracts, digital identity management, supply chain management, asset tracking, etc.
The primary objective of the event was to encourage and inspire cryptocurrency developers, which is also the primary emphasis area of CoinDCX, the firm that hosted the conference.
In addition to a hackathon, it included panel talks that focused on blockchain development tools, the present issues that Web2 developers face, the future of play-to-earn games, and new modes of engagement for non-fungible assets.
Despite the challenging regulatory framework, CoinDCX CEO Sumit Gupta is optimistic about India’s future in the sector. The nation’s central bank still gives off the impression that it is unfriendly toward the asset class, and in recent months, local government officials and tax sleuths have increased their scrutiny of cryptocurrency exchanges.