Antler Global Nitin Sharma on Crypto, Web3

The video discusses the current state of crypto regulation in India, highlighting challenges such as onerous taxes and banking issues. It emphasizes the potential for Web 3 development in India, particularly in areas like gaming infrastructure and protocol-level innovations. The video also explores investment trends, noting the lag in private markets and the potential for future growth. Finally, it examines the competition among blockchains, with a focus on Ethereum's dominance and the rise of Layer 1 alternatives.

What was the initial perception of the Indian government's tax regime for crypto?

• It was seen as a step towards banning crypto.

• It was viewed as a move to legitimize crypto assets.

• It was thought to reduce crypto-related fraud.

• It was considered a way to increase crypto transactions.

Why is the current period considered a good time for Web 3 entrepreneurs in India to build?

• Because of high investor interest.

• Due to favorable government policies.

• Because downturns are seen as opportunities for innovation.

• Due to a lack of competition.

Which platform is highlighted as a major success story from India in the Web 3 space?

• Polygon

• Bitcoin

• Solana

• Ethereum

In which areas does India have significant expertise within Web 3?

• E-commerce solutions

• Social media platforms

• Middleware tools and gaming infrastructure

• Cryptocurrency mining

What is a notable shift in focus for Indian developers in the Web 3 space?

• From blockchain to AI

• From gaming to financial services

• From application services to core technology

• From hardware to software development

What is a key factor in the success of a blockchain platform, according to the discussion?

• The marketing strategy

• The number of transactions per second

• The community and network effect of developers

• The amount of initial funding

What is the speaker's view on the potential for new technologies to challenge Ethereum?

• They believe Ethereum will remain unchallenged.

• They see a strong possibility of new technologies overtaking Ethereum soon.

• They acknowledge the potential but see no immediate challengers.

• They think Ethereum's dominance is already over.