Bitget and Avalanche will jointly invest $10 million to promote the development of the cryptocurrency ecosystem in India

ChainCatcher news, Bitget has partnered with Avalanche to jointly support the development and construction of the local Web3 community in India. According to the cooperation plan, both parties will first launch related projects in Delhi and Bangalore, with a total planned investment of no less than $10 million to support local community activities such as small 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 rapidly heated up. According to data released by the local trading platform CoinSwitch, crypto investment in India is expected to continue growing in 2024, with Delhi accounting for 20.1% of the investment, while Bangalore and Mumbai account for 9.6% and 6.5%, respectively. This also demonstrates India's strategic potential and community vitality in the global Web3 ecosystem.