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Despite regulatory uncertainties, investors betting big on Web3 startups

Money is pouring into a sector that is still evolving, despite regulatory uncertainties

Despite regulatory uncertainties, investors betting big on Web3 startups
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ccording to data from Tracxn, a market intelligence platform, Web3 startups raised $865.5 million between January and October this year in a total of 32 funding rounds.

Aryaman Gupta New Delhi
If you are a budding developer and interested in Web3, chances are that you will be headed to one of India’s largest-ever meetings of Web3 developers, being held by Polygon, a Web3 platform. The company’s ongoing “Web3: Made in India Tour” is expected to see close to 4,000 developers coming together at the inaugural Polygon Connect event in Bengaluru on December 1.

The event highlights the growing dominance of Web3 developers from India, as well as the sector’s rising interest to investors, who continue to invest in startups despite a funds crunch.

“India is blessed with a great tech talent pool, and

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