Bitget and Avalanche to jointly invest $10 million to promote the development of India's crypto ecosystem

Odaily Planet Daily News Bitget and Avalanche have reached a cooperation to jointly support the development and construction of the local Web3 community in India. According to the cooperation plan, the two parties will first implement related projects in Delhi and Bangalore, with a total planned investment of no less than 10 million US dollars to support local community activities such as micro-grants, scholarships, hackathons and technical workshops. Delhi is the most populous city in India, while Bangalore is known as the "Silicon Valley of India", gathering a large number of technical talents and developer resources. In recent years, the Indian crypto market has heated up rapidly. According to data released by the local trading platform CoinSwitch, crypto investment in India will continue to grow in 2024, of which Delhi investment accounts for 20.1%, Bangalore and Mumbai account for 9.6% and 6.5% respectively. This also shows India's strategic potential and community vitality in the global Web3 ecosystem.