Get exclusive insights on web3 from India Blockchain Week. Dive into what is driving web3 growth. Why are Juan Benet and Balaji Srinivasan bullish on building in India?
GM fam! Welcome back to a special edition of This Week in Web3, delivered to you by Spacekayak and powered by The Product House. 🚀
Dive into our exclusive coverage from Bangalore's India Blockchain Week 2023, where we joined forces as a media partner.
⚡️The Blr Circle by Circle and The Product House ⚡️FIL Bangalore 2023 by Filecoin and Huddle01 ⚡️Cosmocon powered by Agoric and Fetch.ai
This edition is packed with insiderinsights, highlights from keypaneldiscussions, and breakthroughtalks to shed light on the latest updates in web3. Get ready to be infused with fresh ideas and perspectives shaping the future of blockchain and digital economies!
If you like reading TWIW3, consider sharing it with your friends and help them climb up the web3 ladder! No Gatekeeping! 😋
🔬 Inaugural Insights Circle's Vision for Economic Prosperity
The event started with Circle's compelling presentation, focusing on its mission to elevate global economic prosperity through seamless value exchange. Circle's commitment to crafting the premier dollar stablecoin, extending global dollar access, and providing robust development tools was articulated through their strategic pillars:
The emphasis was not just on the technical expertise needed to thrive in fluctuating markets but also on the critical need for products that resonate with both tech-savvy developers and everyday users.
Here are some key takeaways from the initial discussion:
Continuous product development is crucial, regardless of market conditions.
Emphasizing the need to cater to both developers and end-users.
The importance of improving the web3 user experience to make it more approachable and efficient, citing Firedrops by Flipkart as an exemplary model.
🚀 Technical Cornerstones for Advancing Web3
Diving into the technical essentials for web3 product development, the panellists underscored the importance of a solid technical foundation as a catalyst for brilliant web3 solutions. They shed light on the importance of staying updated with new technologies and building on top of:
zkproof: Enhances privacy and security through verifiable transactions without revealing underlying data.
Multiparty Authentication: Increases security by requiring multiple verifications for transactions, reducing fraud risks.
zkp2p: Ensures private, secure peer-to-peer transactions, improving scalability and integrity.
🛠 From Alpha Seeking to Value Creation
A pivotal shift in the crypto narrative from alpha-seekingto creating long-term user value was a major theme. The panel reflected on the transition from the early days of crypto, where staying ahead was the goal, to the current landscape, where the focus is on delivering unique value propositions and building on first principles for sustainable growth.
The event culminated in a Q&A session, which allowed attendees to go deeper into strategies for adding value to their products.
The closing note was an invitation to participate in Antler's Founders Residency Program, symbolizing a commitment to fostering the next generation of web3 innovation.
The Blr Circle delivered a powerful message for web3 builders, underlining the importance of proactive creation and regulatory adaptability in shaping web3.
"Don’t wait for regulations, build and regulations will follow."
Cosmocon 2023 ✨
Cosmocon is an annual event where Cosmos enthusiasts and builders come together. It's a key gathering for those interested in the Cosmos blockchain.
Cosmocon offers a great platform for learning and networking, making it the go-to event for anyone looking to dive deeper into the Cosmos ecosystem and its opportunities in the web3 space.
⚡️ Embracing Interoperability in Cosmos
The event focused on illustrating how new developers, especially those seeking robust community support, can efficiently build on Cosmos.
With its user-friendly approach, affordability, and speed, Cosmos stands out as an ideal platform for budding Web3 developers. The speaker panel included: Abhitej from Filament, Karan from dYdX India, Sanjeev from Leap, Siddarth from Comdex, Daya and Abhishek from Omniflix.
🤝 Community and Marketing Focus
A key emphasis of Cosmocon was the need for a strong community and effectivemarketing within the Cosmos ecosystem.
Siddarth from Comdex encouraged participants to start transacting on Cosmos, and getting hands-on experience to realize the full scope of what Cosmos offers.
Once you begin transacting on Cosmos, you'll quickly uncover its vast potential.
Engaging with the Cosmos community offers invaluable support for beginners, including guidance on getting started, troubleshooting, and building interoperable products on the Cosmos platform.
The active and supportive Cosmos community, particularly on Twitter, is where developers can seek guidance and collaborate.
💡 Insights from Comdex CEO, Abhishek Singh
We had the opportunity to interview Abhishek Singh, CEO of Comdex and a prominent figure in the crypto space since 2015. Comdex, an interchain DeFi infrastructure layer, has been building on Cosmos since its shift to DeFi in 2019. Here are some key takeaways from our conversations:
Abhishek shared his perspective on larger chains like Ethereum and Solana, noting their highcosts, and time-intensive nature.
In contrast, he praised Cosmos for its affordability, true decentralization, security, and exceptional community support.
Comdex's journey, from early experiments with NFTs to focusing on DeFi, illustrates why Cosmos is an ideal chain for new builders:
Lower costs, decentralization, security, and a community-centric approach make it a welcoming environment for innovation.
The current focus on user-centricdevelopment further makes it the chain for the new age of builders.
🐂 Future Outlook: Optimism in the Bull Cycle
Like everyone else attending events and joining important conversations during India Blockchain Week, Abhishek expressed optimism about the upcoming bull cycle, particularly regarding user adoption. He emphasized the significance of Cosmos' interoperability in driving the future growth of web3.
Left: Cosmocon attendees immersed in discussions. Right: Anchal from This Week in Web3 shares our vision for web3 education and journalism.
Cosmocon 2023 successfully showcased the unique benefits of the Cosmos ecosystem, positioning it as an accessible and supportive platform for both new and experienced developers in the evolving landscape of blockchain technology.
FILBangalore 2023 Day-2 ✨
FIL Bangalore, a pivotal event in the blockchain community, hosted an array of engaging learning sessions, discussions, and workshops focused on the evolving landscape of blockchain technology and its diverse applications.
Some important points Juan Benet shared as the advantages for Indian Startups.👇
Brilliant, Hard-Working People: India's workforce is known for its intelligence and diligence, offering a strong foundation for startup growth.
Well-Connected Networks: Indian startups benefit from robust online and human networks, facilitating collaboration and information sharing.
Deep Technical and Product Orientation: The focus on technical expertise and product development in India drives forward-thinking solutions and cutting-edge technologies.
Large Population of Builders and Users: India's status as the largest country provides an extensive pool of builders and a vast market of users for startups.
Affordability: With a lower cost of living, products, and services, Indian startups can operate and scale more economically.
Rapid Economic Growth: India's fast-growing economy presents expanding opportunities for startups in various sectors.
Growing Internet Usage: The increasing number of new internet users in India opens up a larger audience and potential customer base for digital startups.
Rich and Diverse Culture: India's cultural richness and global connections offer startups a unique perspective and broader reach.
Stability and Growth: The country's stability and consistent growth provide a conducive environment for startups to thrive and expand.
🔬 Focus on Interoperability and Fintech Applications
This included the exploration of EVM Layer 1 Zetablockchain, which facilitates building interoperable dApps across various chains, including Bitcoin.
Secured Finance, is a transaction platform that integrates innovative technologies with established interbanking standards.
⚡️ Engaging Workshops and Panels
The event also hosted interactive workshops like 'The Aptos Advantage' by AptosNetwork. Aptos is a Layer 1 blockchain built with a Rust-based programming language called Move.
The technical deep dive into the Aptos ecosystem was hosted by Pranav Raval, the engineering lead at Aptos, where he exapnded on how its key features include a parallel execution engine, high-level security features and low transaction costs.
Another noteworthy session by Developer Relations from Web3Auth discussed simplifying wallet UX through account abstraction with MPC social logins, offering solutions to enhance user experience in the blockchain space.
🪄 Innovative Features and Discussions
FIL also spotlighted MOI Tech, the world's first context-aware blockchain, and Qblockchain, which combines the benefits of a public ledger with the transparency of private contracts.
Arshasays, the founder of MOI_Tech, walked the audience through MOI's plans to build a contextual computing machine with true P2P computing for a sustainable global value network.
🏆 The Web3 Treasure Hunt
Adding an element of fun, FIL Bangalore hosted a Web3 Treasure Hunt, powered by XMTP and Huddle01. A player on twitter mentioned:
“Thank you #FILBangalore it’s a great honour to get rewarded and it motivates a lot to really start a journey in web3 space and contribute for open source”
FIL Bangalore was a hub of knowledgesharing, networking, and collaborativediscussions, making it an invaluable experience for those looking to dive deeper into web3.
And…that's a wrap! 🗞
It's been a week of amazing insights and optimism. From The Blr Circle to Cosmocon and FIL Bangalore, everyone's excited about what's next in web3.
The week might be over, but we’ve got more alphas and insider notes from Buidlers Tribe Founder House, zk Bankai Hacker House and more! If you’re in Bangalore, let us know in a comment below! Drop by to meet the Spacekayak & TPH team and share a coffee with some knowledge bits!
We'll keep bringing you the latest in web3, so stay tuned for our regular newsletter every Monday. Here's to building a better, decentralized world together.
See you again next year at India Blockchain Week!
✨ Like the newsletter? You'd love the writers behind it! Follow the editorial team at Spacekayak and get the creative team you need for your next big web3 project.
💡 New to web3? Start your web3 journey with a series of live learning masterclasses & workshops by The Product House.
If you liked reading this special edition of TWIW3, consider sharing it with your friends and help them climb up the web3 ladder!
