In an exclusive revelation that could reshape India's digital landscape, Nischal Shetty, the visionary founder of WazirX, has unveiled an ambitious mission to propel Indian-made Web3 products onto the global stage. The crypto pioneer emphasized creating solutions specifically designed for Indian users while maintaining international appeal.
The Indian Web3 Revolution Gains Momentum
Shetty's vision comes at a pivotal moment for India's technology sector. "We're witnessing an unprecedented opportunity for Indian entrepreneurs to build Web3 products that address local challenges while competing globally," Shetty explained during a recent interview. His perspective challenges the conventional narrative that Indian products must compromise local relevance for global acceptance.
Building for Bharat, Scaling for the World
The strategy focuses on developing solutions that understand India's unique digital ecosystem—from language diversity to payment preferences and regulatory frameworks. However, Shetty insists these products must be engineered with global scalability from day one. "The same features that make a product successful in India—simplicity, affordability, and accessibility—are exactly what the global Web3 space needs," he noted.
Shardeum: The Technical Backbone
Central to this vision is Shardeum, Shetty's layer-1 blockchain project that addresses critical Web3 challenges like scalability and transaction costs. The platform represents the technical infrastructure needed to support the next generation of Indian Web3 applications. "With Shardeum, we're not just building another blockchain; we're creating the foundation for thousands of future Indian Web3 startups," Shetty emphasized.
Overcoming Regulatory Hurdles
The conversation inevitably turned to India's evolving regulatory landscape for cryptocurrencies and blockchain technology. Shetty remains optimistic, stating that clear regulations will ultimately benefit the ecosystem. "Once we have regulatory clarity, you'll see an explosion of innovation from Indian developers. The talent is here, the ideas are here—we just need the framework to unleash them."
The Global Indian Web3 Movement
Shetty's mission extends beyond individual products to creating an entire ecosystem. He envisions Indian developers leading the next wave of Web3 innovation, similar to how Indian professionals have excelled in traditional tech sectors. "We have the second-largest internet user base in the world. If we can solve for India, we can solve for most emerging markets—and eventually, for the world."
The initiative represents a significant shift in how Indian tech products are perceived globally. Rather than adapting Western solutions for Indian markets, Shetty advocates for building native Indian solutions that can compete internationally on their own merits. This approach could potentially position India as a Web3 innovation hub rather than just a consumption market.
