The signed a Memorandum of Understanding with Coinbase Inc, an American-based trading company to build a strong Web 3.0 community in Telangana.
Principal secretary (IT, Industries and Commerce) and director of emerging technologies wing Jayesh Ranjan and Rama Devi Lanka from Coinbase Inc signed the agreement as per which the private company will be supporting Web 3.0 entrepreneurs of Telangana through capacity building sessions, mentorship programmes, and promoting initiatives with the help of Telangana’s innovation ecosystem partners. Coinbase Inc. will also work with the state on upcoming Web 3.0 Regulatory Sandbox aimed at supporting organisations working with Web 3.0 tech to navigate regulatory systems. “This is a wonderful opportunity for Telangana to establish itself as the hub of Web 3.0 technology in India,” Ranjan said.