Coinbase Ventures, Coinbase’s investment subsidiary, has announced plans to host a pitch event in which it plans to invest $1 million in multiple Indian-based cryptocurrency and Web3 platforms.
Brian Armstrong, the CEO of Coinbase, published a blog post stating the intention of Coinbase Ventures to promote the crypto and Web3 capabilities of Indians, while he was still in the country.
The long-awaited In-Person Pitch Day will be held on April 8 in Bengaluru. Coinbase Ventures is collaborating with Builders Tribe and Belief DAO to achieve its goals in India.
Foreign crypto enthusiasts and investors have become interested in the crypto and Web3 talents that the country holds, not minding the controversial Crypto Tax Act.
According to their tweet, Coinbase stated,
“📣Calling India’s cryptopreneurs!
Coinbase Ventures is partnering with @BuidlersTribe to host an in-person pitch day in Bangalore in April.
$1M+ is up for grabs, including $25k bonus grants provided by @BeliefDAO, and mentoring sessions with the best minds in crypto.”
Builders Tribe announced on their Twitter page that over 100 applications had been sent in for the event.
“100+ applications have rolled in for the @BuidlersTribe x @coinbase Ventures pitch day in Bangalore!
We have some MIND BLOWING insights on this amazing set of applications!”
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