Web3 professionals

Web3 has become an overall vision of a new, better internet. At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership. Indian Web3 professionals are young, of whom 80% are under the age of 30 years, significantly younger than the global average and 47% of Indian users who have heard of Web3 but never worked in the industry have joined Web3-related communities, 23% pursued related education, 14% are looking for jobs in the industry.

In India, cryptocurrency, metaverse, and non-fungible tokens or NFTs are the most popular and desired fields for a Web3 career. Indian users interested in working in Web3 show a stronger passion for metaverse, NFT, and blockchain-based gaming, over-indexing the global average.

As per KuCoin, the finding unveils details about India’s promising talent pool that bears the potential to lead the world in the Web3 space. The youth is fuelling the future of Web3 in India and Indian Web3 professionals are younger than their global counterparts.

72% of Web3 professionals in India are very happy with their careers so far, recognizing the industry’s benefits such as space for growth and innovation and better welfare. Additionally, 60% of surveyed Indian users who never worked in Web3 are very interested in exploring the career, mainly motivated by space for professional growth and a better salary package in the industry. 

The report flagged the shortage of women-led communities, educational resources, and the stress of fast-paced industry as key challenges for Indian women to work or invest in Web3. As per the survey findings, Indian youth have huge potential in disrupting the Web3 space.

However, it has been noticed that there are fewer women-led Web3 communities as compared to male. The survey also shows that many women are hesitant to engage in Web3 due to perceived limited access to related educational resources and potential stress from the fast-paced industry.