*Bangalore, December 4, 2023* – The BUIDL for Web3 Summit 2023, organized by Lumos Labs and Buidlers Tribe, powered by Bitget, emerged as a groundbreaking event that brought together over 1200+ attendees, 10 global web3 experts, 50+ job listings, and 10 promising startup pitches. The summit served as a platform for thought leaders, innovators, and job seekers, marking a pivotal moment in India’s Blockchain Week.
Bitget’s Blockchain4Youth $10M Initiative: Nurturing the Future of Web3
Bitget, a leading cryptocurrency exchange and Web3 company demonstrated its commitment to fostering blockchain innovation, particularly among young entrepreneurs. The Blockchain4Youth $10M initiative shortlisted the top 10 projects from over 120 applicants. These startups showcased their potential during the first shortlisting round in Bangalore on November 26, with the final pitch session held at the BUIDL for Web3 Summit on December 4, 2023.
Paving the Way for Web3 Success
In a pivotal move, Bitget’s Blockchain4Youth initiative targets uplifting blockchain innovation with a specific focus on young entrepreneurs, emerging web3 founders, and startups. A recent Bitget Academy survey revealed that 46% of millennials own cryptocurrencies, emphasizing the need to support innovative ideas. The initiative aims to provide the necessary funding, guidance, and technical expertise to transform ideas into sustainable business models, contributing to the flourishing web3 innovation landscape.
Simran Alphonso, PR and Communications, Bitget
“The BUIDL for Web3 Summit enabled us to witness top-tier web3 startup talent at the Buidl.so SPOTLIGHT session. The top 3 startups chosen are set to transform the decentralized sector with innovations that have real-world applicability and utility. Our Blockchain4Youth initiative comes to an end with this, having disbursed $10 million towards web3 development projects led by the youth, and we are excited to see them achieve new heights as we support them through their scaling journey.”
Spotlight on Top 3 Startups: Unleashing Web3 Potential
The SPOTLIGHT session at the BUIDL for Web3 Summit showcased ten innovative startups with real-world applicability in sectors such as DAOs, NFTs, AI, Metaverse, and more. The top 3 startups—Blockflow, BitSave, and StationX.network—each received a share of the $100K reward pool, marking a significant step in Bitget’s efforts to nurture web3 innovations in India.
Insights and Discussions: A Deep Dive into Web3 Technology
The BUIDL for Web3 Summit featured 10 Tech Talks by global web3 experts, providing insights into critical aspects of web3 infrastructure. Topics like “Restaking, Modularity and the Rise of Data Availability Layers” and “Evolution of Permissionless Human Coordination” captivated the audience, fostering a spirit of exploration and innovation.
Kaavya Prasad, Founder, Lumos Labs
“The BUIDL for Web3 Summit 2023 aims to unite global leaders, top innovators, and job opportunities worldwide, creating a platform for the next era of innovation. At the BUIDL.so SPOTLIGHT, we’re poised to observe the innovation potential of 10 emerging web3.0 startups. We are looking forward to extending continued support to these selected startups on their startup journey, playing a role in the broader expansion of web3 adoption.”
Job Fair: Connecting Talent with Opportunities in Web3
The Web3 Job Fair featured over 50 roles across technical and non-technical sectors, attracting over 200 professionals seeking job opportunities in the web3 space. With the current downtrends in the job sector, the fair provided a hub for relevant talent and networking opportunities.
Raghu Mohan, Founder, Buidlers Tribe
“Buidl for Web3 Summit was a one-of-a-kind event, one of the best editorially in India. To add the elements of a job fair and a pitch session where founders raised funding really elevated the conference experience. India and Web3 are going to be about job and value creation, and this conference epitomized this ethos. I’m excited to see this happen again, and this will be bigger and have a higher impact next year.”
Conclusion: BUIDL for Web3 Summit 2023 Sets the Stage for Web3 Evolution
The BUIDL for Web3 Summit 2023, in association with Absinthe Labs, marked an impactful start to the India Blockchain Week. With insights, innovations, and opportunities, the summit fueled the web3 wave in India. Lumos Labs, through its mission of revolutionising the web3 developer experience, further propelled the journey of learning, education, awareness, hiring, and innovation.
The success of the BUIDL for Web3 Summit 2023 wouldn’t have been possible without the visionary leadership of Lumos Labs. Their tireless commitment to revolutionizing the web3 developer experience has not only elevated the summit but also paved the way for a transformative era in the blockchain space. Lumos Labs deserves commendation for fostering an environment that goes beyond events – it’s a catalyst for sustained growth, empowerment, and excellence in the ever-evolving realm of web3 technology.
For more information about Lumos Labs and BUIDL for Web3 Summit 2023, visit:
Lumos Labs – https://www.lumoslabs.co/
BUIDL for Web3 Summit – https://www.lumoslabs.co/web3-summit
