CoinDCX Unfold 2023
CoinDCX Unfold 2023 stands as a monumental achievement, propelling India to the forefront of the global Web3 arena. With hundreds of startups, five unicorns, and a projected contribution of $1.1 trillion to India’s GDP by 2032, this event underscored the imperative of fostering a unified Web3 ecosystem.
India’s pivotal role in grassroots crypto adoption, housing 11% of the global Web3 developer pool, solidifies its position as a Web3 powerhouse.
Anticipating a 120% growth in blockchain talent, the nation is poised for remarkable progress. The retail and financial sectors, contributing 37% and 15% respectively, will drive Web3 and metaverse adoption, illuminating India’s dynamic potential. Unfold 2023 has firmly established India as a trailblazer in the ever-evolving Web3 landscape, marking a significant leap toward a collaborative and thriving future.
So CoinDCX’s Unfold 2023 just Unfolded (pun intended) in a super bullish way and how.
The event was graced by Sh. Priyank Mallikarjun Kharge, Minister IT/BT Karnataka, Sh. Jayant Sinha, Chairman PSC-FINANCE and Member of Parliament (MP) and Sh. Rajeev Gowda, Vice Chairman, Karnataka Policy and Planning Commission, Former- MP, Rajya Sabha
The three-day event, Unfold 2023, wrapped up with resounding success, bringing together over 2,500 participants. Highlights included the launch of the Unified Integrated CoinDCX App, a thriving multichain multiprotocol hackathon featuring more than 700 developers, and a captivating Demo Day. This event has solidified India’s prominent position in the global Web3 landscape.
CoinDCX Unfold 2023 witnessed a remarkable turnout of over 2,500 participants during its three-day duration. Eminent leaders from the Ministry such as Sh. Priyank Mallikarjun Kharge, Minister IT/BT Karnataka, Sh. Jayant Sinha, Chairman PSC-FINANCE and MP and Sh. Rajeev Gowda, Vice Chairman, of Karnataka Policy and Planning Commission, and former- MP, Rajya Sabha, spoke at the event, sharing a firm belief in the potential of Web3 to generate employment opportunities and revolutionize the internet landscape. The Event featured participation both in person and virtually, with over 60 distinguished global Web3 leaders and entrepreneurs, including notable figures such as Jesse Pollak, Founder of Base; Emin Gün Sirer, Founder of Ava Labs; Raj Gokal, Co-Founder of Solana Labs; Balaji Srinivasan; Ola Doudin, Co-Founder and CEO of BitOasis; and Mo Shaikh of Aptos.
The cross-chain Hackathon:
Unfold 2023 hosted Asia’s largest multichain multiprotocol hackathon, drawing over 700 web developers who competed for a total prize pool of USD 85,000. The Demo Day, which was also part of the event, saw some exceptional ideas from the entrepreneurs. The perks of winning the Demo Day included a $1 million pool of funding from CoinDCX Ventures and some of the top-tier Web3 investors, including Pi Ventures, Mumbai Angels, Global Coin Research, Dorahacks Ventures, Hashed EM, Draper Dragon, and IOSG Venture. By every metric, the event stood as the grandest and most significant in the realm of Web3.
CoinDCX also unveiled its upgraded app, offering Indian crypto investors and traders a seamless experience with integrated advanced features from CoinDCX Pro. The user-friendly app launched during Unfold 2023 ensures secure and compliant trading in Virtual Digital Assets (VDAs).
Delivering a keynote at Unfold 2023, Shri Priyank Kharge extended his support for Web3 innovation within the state. He proposed the exploration of a regulatory sandbox for development and innovation until a comprehensive framework is established. “The Government of Karnataka is willing to Listen, Learn, and Adapt new technology and we are here to support the industry. In the burgeoning realm of Web3, our government is committed to not only observing and absorbing but also evolving with this digital frontier. We eagerly anticipate the establishment of a regulatory sandbox,” he said.
Shri. Jayant Sinha praised CoinDCX for its outstanding initiatives in fostering synergy among developers, startup founders, and other participants within the Web3 ecosystem during Unfold 2023.
“India and Indian digital infrastructure has been recognized globally. With the world’s largest open digital ecosystem and a passionate developer community, India is poised to lead the global Web3 revolution. The presence of so many developers at the Unfold 2023 hackathon is a testament to this vision,” he added.
Speaking at Unfold, Mr. Sumit Gupta, Co-founder, CoinDCX said,
“In this transformative decade, the VDA market cap is poised to surge by 15-20%, paving the way for a future that holds incredible promise. By 2030, we anticipate a landscape where over 1 million developers will be actively crafting web3, ushering in web3 applications that will engage over 1 billion users. Our commitment at CoinDCX extends beyond building a large company. We are dedicated to crafting an open, inclusive, and efficient internet, right here in India, and sharing it with the world. Together, we will build for the long-term and build the right way.”
“We extend our heartfelt gratitude to the distinguished speakers, valued partners, sponsors, developers who participated in the hackathon, and innovative startups who united with us in this remarkable journey at Unfold 2023. Together, we have taken substantial strides in constructing a unified and collaborative Web3 ecosystem,” Sumit added.
Unfold 2023 stands as a monumental achievement, propelling India to the forefront of the global Web3 arena. With hundreds of startups, five unicorns, and a projected contribution of $1.1 trillion to India’s GDP by 2032, this event underscored the imperative of fostering a unified Web3 ecosystem.
India’s pivotal role in grassroots crypto adoption, housing 11% of the global Web3 developer pool, solidifies its position as a Web3 powerhouse. Anticipating a 120% growth in blockchain talent, the nation is poised for remarkable progress.
The retail and financial sectors, contributing 37% and 15% respectively, will drive Web3 and metaverse adoption, illuminating India’s dynamic potential. Unfold 2023 has firmly established India as a trailblazer in the ever-evolving Web3 landscape, marking a significant leap toward a collaborative and thriving future.
Before we get into the nitty-gritty, let’s understand why Unfold is a big deal for the Web3 ecosystem and how CoinDCX aims to spearhead the way forward for crypto adoption in India.
What is CoinDCX Unfold?
Unfold is a visionary event dedicated to fostering innovation and collaboration within the Web3 ecosystem. Our mission is to empower developers, entrepreneurs, and enthusiasts to create and contribute to the next generation of decentralized applications and blockchain solutions.
Since our first event, Unfold 2022, we have strived to bring about a driving force that will help in adopting and integrating Web3 technologies.
Unlike other Web3 conferences where the sole focus is on the networking aspect, Unfold aimed to create a paradigm shift in the space by cohesively bringing together a:
- Demo Day
- Web3 Experience
This opened the floodgates of opportunity for all in attendance and the knowledge exchange was like no other.
So what really Unfolded at Unfold 2023?
Hacking by the Hackers was the focus of the event… instead of being a Hackathon focussed solely on a singular chain, Unfold23 allowed Hackers to BUIDL on their choice of chain and be ready for Demo Day
The event saw 600+ developers in attendance going all-out on their keyboards to ship their most standout dApp in the world of Web3. All the magic unfolded with a grueling 60 hours of hacking sessions under one roof.
Hackathon participants engaging in a discussion with Shri Jayant Sinha, Hon’ble Member of Parliament from Jharkhand & Chair of the Standing Committee on Finance.
The DEMO DAY of Unfold 2023:
Unfold 2023 saw their Demo Day in association with Buidlers Tribe. Hackers had a chance to pitch their big idea to top Web3 investors and secure funding from a whopping $1 million pool.
The hackathon sponsors that made everything of the above a possibility were:
Avalanche, Sui, Wormhole, Self Chain, Okto, Liminal, Superteam, Spheron, Push Protocol, Router & Solidity Scan.
Let us get to the winners:
Avalanche Network: 1st Prize
- Empowering Blockchain Innovation: Seamlessly Customized VMs, NFT Minting, Aliasing, and Cutting-Edge ZK Proofs for the Future of Decentralized Applications
Okto: 1st Prize
Lifafa (( Desi Red Envelope Gifting )
- Lifafa, your gateway to modern gifting, revolutionizes the age-old tradition of giving with its innovative digital red envelope platform. By seamlessly blending tradition with technology, Lifafa allows users to create, share, and experience the joy of giving in the digital age.
Self Chain: 1st Prize
- Talk2Vault leverages the strengths of LLMs and NLP in a particularly innovative way. By using these technologies to interpret and execute cryptocurrency transactions based on natural language commands, you’re essentially humanizing the interaction with blockchain technology, which is known for its complexity and steep learning curve.
Push Protocol: Winner
- Decentralized Work Verification and Deployment Platform
Router Protocol: 1st Winner
- Unleashing Cross-chain Liquidity, adding credibility
Speakers that put the stage on fire:
Sumit Gupta Founder and CEO of CoinDCX, Sandeep Nailwal Founder of Polygon, Priyank M Kharge MLA of Indian National Congress, Jayant Sinha Chairperson of the Parliamentary Standing Committee on Finance and Member of Parliament- Government of India, Ravindra Founder Frontier, Zhen Yu Yong Co-Founder, Web3Auth, Samyak Jain, Co-Founder InstaDApp.
Established in 2018, CoinDCX is the preferred crypto exchange in India, trusted by over 1.4+ crore registered users. Our mission is simple: to provide easy access to Web3 experiences and democratize investments in virtual digital assets.
We prioritize user safety and security, strictly adhering to KYC and AML guidelines. In our commitment to quality, we employ a stringent 7M Framework for the listing of crypto projects, ensuring users access only the safest digital assets.
CoinDCX has partnered with Okto for India to launch a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets.
Through CoinDCX Ventures, we have invested in over 15 innovative Web3 projects, reinforcing our dedication to the Web3 ecosystem. Our flagship educational initiative, #NamasteWeb3 empowers Indians with crypto knowledge, preparing them for the future of virtual digital assets.
CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures.