Collaboration Sei & Graviton
Blockchain platform Sei (L1) announced a partnership with India’s web3 speed-up Graviton.
The company wants to connect India’s unbanked population to web3 as part of a broader strategy aimed at the developer ecosystem in emerging markets.
The company is taking a close look at the Indian market because of the huge number of unbanked populations that can be connected to decentralized finance (DeFi) platforms.
India boasts one of the fastest growing web3 markets.
Chainalysis, a leading cryptoanalytics firm, also counts India as one of the fastest-growing crypto markets, driven by the rapid adoption of digital coins. A recent Chainalysis report calculates that India’s crypto economy grew by a whopping 641% compared to Pakistan’s, which grew by 711% in 12 months.