Indian Institutes of Technology to offer programs on NFTs, Web3 technologies

The Indian Institutes of Technology (IITs), in collaboration with e-learning platform TimesPro, has announced the creation of educational programs centered around Web 3 technologies.

The first-of-its-kind collaboration will see thousands of Indians learn the rudiments of distributed ledger technology (DLT), Non-Fungible Tokens, metaverse, and digital assets. According to information gathered by local daily Hans India, India Blockchain Alliance (IBA) and iHub Divyasampark are contributing partners to the courses.

“TimesPro has been investing in emerging technologies and introduced several flagship programs in Full Stack, Cybersecurity, AI, Big Data, Cloud Computing, etc.,” said Anish Srikrishna, TimesPro’s Chief Executive Officer. “We have collaborated with the leading IITs, academia, and the industry to offer new-age and upskilling programs, and the Web 3.0 initiative is a continuation of our effort.”

At the end of the course, participants will be issued certificates illustrating their expertise from the various IITs, including Delhi, Rookee, and Ropar. Course attendees have the option to learn at their own pace, according to their availability and abilities.

Srikrishna said the lessons would go the extra mile to offer learners one-on-one mentorship with industry leaders and ancillaries like making a resume and going through the interview process. Srikrishna added that a Web 3 Center of Excellence will be created, serving as a networking and learning platform.

TimePro’s collaboration with industry players could offer a range of benefits for the Indian virtual currency ecosystem. The move could create a healthy talent pool for both local and international digital asset firms to hire from without the need for expatriates. On the side of the participants, the courses could serve as a gateway to the nascent Web 3 industry, arming them with world-class training.

Changing the virtual asset landscape

Experts believe a series of innovations are in the works that could trigger a wave of interest in digital assets in India. These innovators are driven by the need to position India as the regional powerhouse as the world inexorably moves towards a digital future.

FICCI-EYs’ 2022 report noted that Web 3 could add up to $1.1 trillion to India’s gross domestic product (GDP) before 2023. The report pointed out that the metaverse, in particular, would trigger the GDP growth spurt, predicting that virtual worlds would have over 50 million users by 2025.

To compete globally, the India Blockchain Alliance and the India Blockchain Forum were created by enthusiasts to “represent businesses and business professionals participating in the digital economy through blockchain technology.”

Watch: The BSV Global Blockchain Convention panel, Web3 and BSV Blockchain

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