Octaloop’s Third Edition of India Blockchain Tour: A Major Step Towards Blockchain Awareness
New Delhi, July 24, 2024: In an important move to enhance understanding of the Blockchain network, Octaloop has announced the launch of its third edition of the India Blockchain Tour (IBT). This series of events, backed by KuCoin, Interakt, and Binamite, aims to unite blockchain enthusiasts, industry leaders, developers, and innovators across India. The goal is to raise awareness about Web3, blockchain technology, and the future of money.
Event Schedule and Initial Reception
The India Blockchain Tour has received a highly positive response in Delhi. The first leg of the tour was hosted there. The tour will continue through major cities including Hyderabad, Mumbai, Bengaluru, Chennai, and Kolkata from July 13 to August 31, 2024.
Building a Thriving Community
Since its inception last year, IBT has amassed a community of over 400,000 individuals. These include notable figures such as Om Malviya from Tezos India, Raj Kapoor from India Blockchain Alliance, Aishwary Gupta from Polygon Labs, and Alvin Hu from KuCoin. This year’s event will feature speakers like Devika Mittal, South Asia Head of AVA Labs, Hrishikesh Nashikkar, Head of Blockchain at NPCI, and Hema Dubey, VP of Marketing at Interakt.
Expert Insights on Web3 Community
Anupam Varshney, Founder of Octaloop, highlights the importance of community in Web3 projects. “Community has always been key to almost all Web3 projects – it brings together a place where one can belong. Contrary to how centralized companies work, Web3, due to its decentralization, thrives on community.”
Varshney reflects on the growth of their initiatives: “From our humble beginnings in Delhi in 2016 to the third India Blockchain Tour in 2024, we’ve seen an overwhelming response each year. Our diverse audience spans developers, founders, traders, executives, VCs, and scouts. As global Web3 companies increasingly enter India, local communities will play a pivotal role in shaping the future of Web3 projects. Through our flagship events – India Blockchain Tour and Metamorphosis – Octaloop aims to nurture and engage India’s growing Web3 community.”
The Evolution of IBT
Reflecting on the journey, Varshney adds: “I started a small meetup in 2016, where 8-10 of us would gather to talk about crypto. Those were the early days. Gradually, these meetups evolved, and without any profit motive, our community grew to 30-40,000 members across India. The growing interest from various cities led us to launch the India Blockchain Tour (IBT) in 2022. This is now the third edition, where we’re visiting six cities again. The Web3 community in India is not just growing; it’s thriving. We’re seeing a lot of international projects like KUCOIN and INTERAKT coming here. Everyone wants a slice of the Indian community. From my experience, it has been phenomenal and continues to go exceptionally well.”
Opportunities in the Web3 Ecosystem
Aditya Tallapragada, Co-founder at Interakt, shares his vision: “The world of Web3 is constantly evolving, making it critical to build innovations that bridge groundbreaking ideas and real-world applications. We see huge potential in working with the unique capabilities that India holds. We are looking to integrate seamlessly into this thriving ecosystem. India’s massive and active Web3 community is a goldmine of opportunity. Even a small percentage of engaged users translates to significant growth.”
About the India Blockchain Tour
The India Blockchain Tour (IBT) is dedicated to exploring the potential of blockchain technology in India. It brings together crypto enthusiasts, experts, investors, and entrepreneurs to discuss the latest developments and opportunities in the digital assets space. Over the years, IBT has forged strong alliances with key industry players. They have collaborated with numerous high-profile brands to foster growth and innovation in the blockchain sector.
