Manhar Garegrat, Country Head, India & Global Partnerships, Liminal, a wallet infrastructure and custody solutions platform
If we look at the rapid adoption of digital assets across the world, millennials have the highest ownership of digital assets across all generations (Bitget report). Millennials account for 46% of the total digital asset owners which clearly shows that youth is at the forefront when it comes to the acceptance and adoption of digital assets. The young population is naturally inclined towards emerging technologies and is always curious about exploring and expanding their horizons. Like youngsters of all generations, today’s youngsters are also extremely passionate about concepts like self-sovereignty, transparency, collective growth, freedom, etc and working in Web3 gives them the ability to contribute to those values. Take Vitalik Buterin for instance, the founder of Ethereum. He was only 19 years old when he wrote the Ethereum Whitepaper.
There are several such examples of young and successful web3 founders across the globe. If we look at India-specific data, 39% of digital asset owners are in the 18-30 years age group (Kucoin report). We see a similar trend in other Asian countries where the young population is not only adopting digital assets but fuelling the innovation in Web3 space through innovative startups for solving real-world problems by leveraging the strength of Web3/Blockchain. At a macro level, we have seen several initiatives by global organizations like UNICEF and the World Bank aimed at empowering our youth by providing training and development in the field of Blockchain and Web3.
Overall, the future of Web3 looks young and we are witnessing vital signs of success as major industries/sectors of the world are already in the adoption phase of web3. The demographic dividend of countries with a median age of 30-35 will ensure a bright and promising future for blockchain and Web3.
Poorvi Sachar- Head of Operations, Tezos India- a blockchain adoption entity.
Today, young talents are leading the way in making blockchain and Web3 technologies popular. They’re doing this with their creative spirit and a curiosity that knows no bounds. Their smart ideas are like seeds of change, helping create a world where things like services and products are spread out and not controlled by a single group.
We saw this happening at the latest Tezasia Hackathon 2023 organized by Tezos India. More than 9,888 young men and 4,337 young women actively participated in the hackathan. What’s interesting is that 55% of them were studying computer science and they wanted to get better at their tech skills by using tools from Tezos India. College students are getting involved too. They’re joining workshops, hackathons, and real-world projects. Especially those in the third and fourth years of college are taking the lead in creating this kind of environment. But it’s not just them – even folks with 1-2 years of professional experience are excited to be part of these hackathons. Together, they’re not just going with the flow of new ideas; they’re playing a big role in shaping these ideas. They’re showing us how technology can become more decentralized and stronger.
Young and inquisitive minds quicken the development of decentralized ecosystems through active participation in hackathons, startups, and open-source cooperations. They are steadily fostering a future where diversity, trust, and security are seamlessly woven with technology as tomorrow’s leaders, in addition to promoting mainstream adoption.
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