Bitget, a prominent global cryptocurrency exchange, has joined forces with Avalanche, a high-performance smart contracts platform, to announce a strategic collaboration aimed at accelerating Web3 development in India. This partnership signifies a shared commitment to investing in India’s rapidly growing blockchain ecosystem, which is home to over 1,000 Web3 startups and a thriving community of crypto enthusiasts.
The primary objective of this collaboration is to expand their reach to more cities, engage with the youth, and support innovative ideas. Bitget and Avalanche are dedicated to empowering local builders, students, and developers by providing them with the necessary tools, exposure, and financial backing to pave the way for the future of the internet.
A key component of Bitget’s contribution to this partnership is its Blockchain4Youth program, which has allocated $10 million over the next five years to promote blockchain education through scholarships, hackathons, and workshops. This initiative is not limited to India but extends to global communities, with the aim of fostering a strong grassroots movement.
On the other hand, Avalanche is deepening its involvement in India by collaborating with government bodies on social projects and offering mini-grants to developers. The platform’s focus remains on creating a decentralized ecosystem that can support both consumer and enterprise applications.
Devika Mittal, Regional Head at Ava Labs, highlighted the active and ambitious nature of India’s Web3 community. Mittal emphasized the importance of providing a platform for web3 enthusiasts across various cities in India to connect and collaborate on building innovative solutions for the future.
The collaboration between Bitget and Avalanche has already kicked off with the ‘HODL ON’ tour, which has successfully hosted community events in Delhi and Bangalore. These meetups serve as valuable educational and networking opportunities for attendees, ranging from students to startup founders, offering them real-world learning experiences and potential funding prospects.
Jyotsna Hridyani, South Asia Head at Bitget, emphasized the significance of education in unlocking the full potential of blockchain technology in India’s digital landscape. Hridyani underscored Bitget’s commitment to bridging the knowledge gap through community programs, university partnerships, and accessible learning resources.
India’s position as a global leader in crypto adoption and active Web3 developers makes it a prime location for blockchain innovation. With its tech-savvy youth and thriving digital economy, India presents a fertile ground for blockchain technology to flourish, provided it receives the necessary support and resources.
The collaboration between Bitget and Avalanche is set to continue through 2025, with plans for more workshops, grants, and meetups in cities across India. The goal is to nurture India’s Web3 talent pipeline, offering startups visibility, mentorship, and funding opportunities. Additionally, this partnership aims to provide international exposure to Indian developers, enabling them to tap into global markets while fostering local innovation.
As Bitget strengthens its global presence, with recent regulatory approvals in countries like El Salvador, the exchange is poised to make a significant impact on India’s Web3 journey. With a 159% increase in spot trading volume and its Bitget Token (BGB) ranking among the top 50 cryptocurrencies by market cap, Bitget is well-positioned to drive the growth of India’s Web3 ecosystem.
In conclusion, the collaboration between Bitget and Avalanche holds promise for India’s Web3 landscape, with a shared vision of education, access, and opportunity. By empowering local builders and developers, fostering innovation, and providing the necessary resources, this partnership is poised to shape the future of blockchain technology in India and beyond.