MARCH 20234Today we are faced with challenges around regulation, data safety and privacy, as well as governance and bureaucracy-to name just a few. The Web3 community has risen significantly and gained more traction worldwide. It activates new paradigms to engage, govern, create, iterate, and implement around research results in ways that were previously complex and arduous.Web 3.0 is more than a set of useful and new technologies and services. It is a new version of the web that is built, operated, and controlled by its users and it is not managed by centralized parties like technology companies. Cryptocurrencies, NFTs, and decentralized autonomous organizations (DAOs) are all part of Web3. In Web3, ownership is not in the hands of a few entities and it is distributed among users.Although, 2022 has been one of the most topsy-turvy year -especially for India, nevertheless, it has prevailed bear market conditions due to continuous evolution of the Internet has opened unimaginable opportunities. The users can create communities to form a decentralized, autonomous community built on Web3 technology. Web3 is more than a set of useful and new technologies and services. Web3 technologies offer an array of services. Instead of relying on a slow and bureaucratic banking system, payments will be done in cryptocurrencies. Anyone who has access to the network can utilize the services, no one can be banned or excluded because the network is decentralized and there is no centralized authority to verify data transmission, verification happens at the user level with the thousands of nodes participating.This has given way for various Web3 startups to crop-up and facilitate services to combat problems and to reduce the delay of services. India has an inflow of developers interested in establishing a wide range of decentralized services, which is among the intriguing array of projects involving Cryptocurrency and other connected sectors like Blockchain, supplychain, education, banking, research, and more. These initiatives piqued the general public's interest in 2021, but this year might be the year of stabilization.In StartupCity magazine the following edition on `Web3 Startups' aims at promoting a broader understanding of the diverse possibilities with Web3 and the landscape of Web3 startups in India. This edition analyses the Indian Web3 startup landscape and highlights the strengthening of ecosystem further.A Technological Shift from Read & Write to Read, Write & Own it!EDITOR'S NOTEsiliconindia Vol 8 · Issue 01 · MARCH-2023 Editorial Team Akanshah Shiwani Pradhan Samatha S. P. Sales & Marketing Arvind Chakaravathy Editorial Queries editor@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ Magazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2023 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@siliconindia.comCirculation Manager Magendran PerumalGM Sales & Marketing Shashi RanjanManager - Design Prabhudutta A.R.N RayArt Manager Suanya ChakrabortyDesigner Mrigank SharmaHeena KousarAssistant Managing EditorPublisherAssistant Managing EditorAssociate EditorAlok ChaturvediHeena KousarIndranil Chakraborty
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