• Tezos India, a blockchain adoption entity, has teamed up with Graviton, an India-focused web3 accelerator program.
• This partnership will provide active support to cohort groups in several areas and will expose them to the Tezos blockchain ecosystem.
• This partnership is expected to boost the development of decentralized apps (dApps) on the Tezos blockchain, which will be especially useful for unbanked and underbanked people in India.

Tezos India, a leading blockchain adoption entity in the country, has recently partnered with Graviton, an India-focused web3 accelerator program, to advance the acceptance of blockchain technology in India. This partnership is expected to have a huge impact on the development of decentralized applications (dApps) on the Tezos blockchain.

Graviton is dedicated to providing active support to cohort groups in several areas and exposing them to the Tezos blockchain ecosystem. This will help foster the growth of the Indian crypto/web3 ecosystem. Amanjot Malhotra, the head of growth at Tezos India, said, “We are extremely excited about the Web-3 innovation taking off in India, and we look forward to extending our support of the Indian crypto/Web-3 ecosystem. With the project with Graviton, we demonstrate our dedication to fostering this talent, and the Web-3 community in India is rapidly becoming a global force.”

Decentralized applications (dApps) are a type of software that runs on a blockchain network. Unlike traditional apps that rely on a centralized server, dApps use the distributed nature of blockchain technology to run on a network of computers. This makes dApps more secure, transparent, and resistant to censorship, as there is no single point of failure.

This partnership is particularly beneficial for developing countries like India, where many people are unbanked or underbanked. The development of additional dApps on the Tezos blockchain is expected to open up a range of financial opportunities for these individuals. This includes the growing industry of decentralized finance (DeFi), which leverages blockchain technology to provide financial services without the need for traditional intermediaries such as banks.

Overall, the partnership between Tezos India and Graviton is expected to have a huge impact on the development of blockchain technology in India. It will provide early-stage founders in the web3 space with the support they need to develop dApps on the Tezos blockchain, which will be especially useful for unbanked and underbanked individuals. This will open up a range of financial opportunities and help foster the growth of the Indian crypto/web3 ecosystem.