WazirX founder Nischal Shetty believes India can lead the next wave of Web3 innovation by focusing on developer talent, regulatory clarity, and local entrepreneurship. He emphasized that India’s strong tech ecosystem and large pool of blockchain developers position the country to become a global Web3 hub. Shetty urged policymakers to adopt progressive crypto regulations that encourage startups while ensuring consumer protection. He also highlighted the potential for Web3 to revolutionize digital identity, finance, and data ownership, calling for collaboration between government, industry, and academia to drive large-scale adoption and innovation.