You're absolutely right that India has a massive gaming community, and the interest in blockchain gaming is growing. While we haven’t seen many India-based blockchain game developers yet, demand is increasing, and that could eventually drive innovation in the space.
One key factor in accelerating this growth is government support. Right now, India’s stance on blockchain and crypto remains uncertain, with regulations still evolving. Clearer policies and a more supportive framework could encourage startups to take risks and build in this space. Initiatives like tax incentives, funding programs, or dedicated blockchain gaming accelerators could help Indian developers compete on a global scale.
If India embraces Web3 gaming with proper regulations and backing, we could see the country becoming a major player in the industry. But until then, many startups might hesitate due to regulatory uncertainty and lack of infrastructure support.
That's a valid point. Indians have a lot of good programmers and business minds.
If the government starts supporting crypto startups then we will surely see a signigicant boost in the number of crypto startups.
But seeing their current tax implications I think we are very far from even considering to reduce the crypto taxations.