What Was India Web 3.0 Week 2023?
India Web 3.0 Week 2023 ran in Delhi from 3 to 9 April 2023 as a seven-day push to mainstream Web3 across the country. Organised by BCrypt, it set out to rally influencers, founders, investors, and developers behind wider adoption of Web3, NFTs, blockchain, crypto, the metaverse, and DeFi. The line-up sat on the BCrypt site. Rather than preaching to the converted, the week was built to pull new audiences in.
Spread over a full week of talks and side meetups, it turned Delhi into a gathering point for India's Web3 crowd. Our crypto events calendar and crypto summits list track gatherings like it.
Key Themes at India Web 3.0 Week
Programming reached well beyond trading:
- Mainstreaming Web3 for everyday Indian users.
- Creator economy, NFTs, and the metaverse, covered on our NFT events hub.
- DeFi and first-time crypto investing.
- Community-building for creators, founders, and influencers.
Putting influencers next to developers gave the week unusually wide reach. Many guests were also following broader Web3 tech events through CoinGabbar.
How Crypto Is Growing in India
No country has more crypto users than India, and few match its grassroots enthusiasm. For several years Chainalysis has put India at the top of its global adoption index, with well over 100 million holders, fuelled by a young, smartphone-first public and the UPI payments boom. Even punishing taxes have not cooled the demand.
Those taxes are famously steep. Profits face a flat 30% plus a 4% cess, losses cannot be offset, every transfer carries a 1% tax deducted at source, and exchange fees attract 18% GST. Holding and trading are lawful, yet crypto is not legal tender, and a comprehensive statute is still pending while the RBI, SEBI, and Finance Ministry debate a multi-regulator model. The RBI, meanwhile, is piloting the Digital Rupee. For a gathering like India Web 3.0 Week, the goal is to convert that vast curiosity into safer, broader use across NFTs, gaming, DeFi, and the metaverse. Explore more on CoinGabbar's blockchain events hub.
Impact of the Event on India's Web3 Scene
A week-long Web3 push in Delhi moves the needle for India. It assembles creators, founders, and backers to grow the audience, stretches Web3 past trading into NFTs, gaming, and virtual worlds, and underlines just how hungry India is for the space despite the tax drag. Each year the community gets wider.
Why Sponsors, Exhibitors and Partners Should Join
An adoption-led week reaches a huge, curious crowd. Good fits include:
- Exchanges and wallets: sign up waves of new Indian users.
- NFT and metaverse platforms: court creators and their fans.
- Layer 1s and Layer 2s: recruit India's deep dev talent.
- DeFi and education brands: teach safer, wider participation.
- VCs and accelerators: back early Indian Web3 founders.
Want a slot at a later edition? You can list a crypto event or contact the CoinGabbar team.
Why KOLs, Media and Influencers Attend
An influencer-first week is tailor-made for reach. Creators meet projects and a lively audience, while reporters find the founders driving India's Web3 surge. Coverage can travel through the crypto press release network.
Why Builders and Participants Join
Builders and creators come for reach and connections. You meet exchanges, funds, and peers, and pick up playbooks for growing a community and winning new users. Many head home with partners, backers, or a sharper India go-to-market.
Tickets and PR Offers With CoinGabbar
Want into a Web3 week for less? CoinGabbar runs ticket discounts at partner events and free or discounted press release publishing for projects that book through us. For sponsorship, partnerships, or to add your event to our crypto conferences list, email event@coingabbar.io.
How the Event Concluded and What Came Next
The week closed on busy talks, side events, and new bonds among creators, founders, investors, and developers. Plenty of community and project tie-ups traced back to it. By rallying India's Web3 scene in Delhi, it broadened adoption across NFTs, DeFi, and the metaverse, in the country that leads the world on crypto users despite heavy taxation. It also opened the door to more Indian Web3 gatherings. See what followed on the crypto events calendar and our crypto hackathons page.
Glossary of Key Terms
- Web3: the next phase of the internet built on blockchains and user ownership.
- NFT: a non-fungible token that proves you own a digital item.
- Metaverse: shared virtual worlds where people meet, play, and trade.
- TDS: tax deducted at source, a 1% cut taken on crypto transfers in India.
- Digital Rupee: India's central bank digital currency, run by the RBI.
Disclaimer
This page is for general information only. It is not financial, legal, or tax advice. India's crypto rules and taxes may change; always check current law. The event described here was held in April 2023; future dates and details may differ. Please confirm with the official source and do your own research. Crypto assets are volatile and can lose value.
