By: Christos Makridis
In the wake of the “crypto winter” and the collapse of FTX, Terra and others, many blockchain companies continue to grow. Sei Network – a decentralized Layer 1 that builds a network-wide order book exchange on the Cosmos ecosystem – today announces a new strategic partnership with Graviton – a cohort-based web 3 accelerator program offering a platform for Indian founders and builders to accelerate their growth. The 16-week cohort cycle includes live learning sessions from experts, problem-solving sessions with peers, and access to a crypto-native community allowing for deeper networking and shared learnings that can be used throughout the product development cycle.
While the latest news with FTX is “catastrophic for the [crypto] in the short term,” according to Jay Jog, co-founder of Sei Network, this does not affect their plans to continue building the necessary blockchain infrastructure that will enable secure and fast access to financial information. Instead, they continue to build a permissionless, highly customizable network for developers to create protocols on. Following its mainnet launch, Sei is poised to be the fastest blockchain in the world, specifically designed to provide traders with near-instant transaction information through their decentralized application.
The partnership with Graviton is significant given the rapid growth of crypto in the Indian market. India’s share of activity on decentralized financial platforms was 59%, according to recent data from the Economic Times of India, which is even higher than that of Pakistan and Vietnam which are regularly cited as global hotbeds. for the mass adoption of cryptography. India stands out as a country with unique growth in its demand for digital coins, according to a recent Chainanalysis report.
“India has one of the largest developer populations, the largest crypto user base and a thriving (web2) startup community – key ingredients that will help India lead the global web3 industry. “However, Web3 founders in India need a strong support ecosystem that can help them overcome obstacles and build sustainable businesses. Graviton seeks to meet this demand by collaborating with global industry players,” said Arpit Nik, CEO of Graviton.
Sei is doubling down on efforts in growth markets to bolster its developer ecosystem and their refocusing on India reflects a broader effort to increase decentralized finance penetration among an unbanked population in Asia. “India has always proven to be a key market for DeFi in terms of developer talent and usage of DeFi. Our focus on the Indian market is part of an overall effort to attract developers and users in Asia to the growing Sei ecosystem. Sei’s new innovations dramatically improve the speed and throughput of transactions prevalent in existing L1s, and make it an ideal platform for DeFi in Asia,” Jog continued.
“It’s a huge market that’s largely untapped,” said tokenomics engineer Eloisa Marchesoni. “The talent of the developers in this region is particularly inspired, and it seems that nothing can stop the mass adoption despite the possible position of the government. Whatever the decision of their government, Indians can always use storage wallets at cold and LocalCoinSwap or similar P2P platforms (no KYC) to continue using and trading crypto to participate in DeFi (where no KYC is required),” Marchesoni continued.
Graviton is recognized as a leader in developing new cohorts of skilled developers in India. Graviton teams that rely on Sei will receive priority consideration for Sei’s $50 million ecosystem fund, which will help raise awareness of Sei in the Indian market.
Graviton will help Sei grow and grow its ecosystem (developers and users), as well as raise awareness of Sei in the booming Indian market. Graviton is led by an extremely talented and knowledgeable team of Indian web3 veterans, and Sei is confident in Graviton’s ability to do well in attracting talented web3 people from India to its accelerator. Graviton teams that rely on Sei will receive priority consideration for Sei’s $50 million ecosystem fund.
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