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CZ Binance CEO says India is a natural frontrunner in Web3 startups

Binance Founder and CEO Changpeng Zhao (Cz) emphasized India’s position in web3 and the metaverse, saying the country is a “natural forerunner” in the creation of the next generation of blockchain applications.

“India is a huge market, as well as a leader in technology, and”

“therefore will be a natural frontrunner for web 3 startups.”
“We are looking forward to working with outstanding startups in India,”
So, he tells Inc42 in an interview.

“India will be fundamentally important in the evolving crypto narrative,”
Then, he adds.

Cz Talks On Web3 and India

In terms of how the web3 story will play out, CZ claims that tokenomics are more flexible and accessible to consumers than equities in web2.

“So overall, I think that web3 will be much more user-powered and user-owned compared to web2,”
So, he says.

According to him, the degree of decentralization of web3 will be determined by a number of factors. There will be less incentive for consumers to shift to decentralization if the current financial system becomes less restricted, more freedom-driven, low-cost, and low-inflation, according to CZ.

Zhao reaffirmed his commitment to web3 and the metaverse, saying that he believes blockchain technology will power the internet’s and people’s digital lives in the future.

“Web3 and the metaverse will create more financial freedom, transparency,”
“secure information delivery, and other unique experiences,”
Then, CZ says.

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