Kaavya Prasad, Founder of Lumos Labs, an innovation management firm, is an early-stage Web3 investor and an evangelist. As an early entrant into the Indian Web3 ecosystem, she has worked on several Indian market-entry initiatives for global blockchain companies in India. She is an LP on major crypto funds and personally has invested in several key early-stage Web3 projects. An architect by qualification, Kaavya has explored graphic design, product management, and marketing sectors, she is now heading Lumos Labs as it engineers its way into a developer-centric Metaverse platform focused on harnessing global Web3 opportunities into a virtual world. Analytics Insight has engaged in an exclusive interview with Kaavya Prasad, Founder, of Lumos Labs . 1. Kindly brief us about the company, its specialization, and the services that your company offers.
In 2018, Lumos Labs started as an innovation management firm determined to drive Web3 innovations to the forefront in India. One of the early players in the Indian Web3 ecosystem, we are now expanding into a developer focussed Metaverse with a Build to Earn (B2E) model. Lumos Metaverse, a project still underway, aims to establish a singular one-of-a-kind platform that caters to developers as they learn, earn, and build in it. It will allow them to find global Web3 opportunities which are accessible and will become a talent hub for global Web3 firms.
Complete with ecosystem support and holistic services like PR, community building, logistics, etc., we provide a one-stop destination for web3 companies to run their programs like hackathons, accelerators, and more. To date, we have over 45 programs run with relevant Web3 and blockchain players, such as Binance, CoinSwitch Kuber, Polygon, Biconomy, Sino Global Capital, Hedera, etc., and also multiple programs with the Government of Telangana.
We have also recently launched our Hackathon, #BUIDL for Web3 , to foster the global developer community and nurture web3 innovations. Supporting developers who want to start their Web3 journey, build innovative solutions, network with leading Web3 experts, and win prizes from the pool of $100,000, #BUIDL for Web3 aims to redefine and provide impetus to Web3 adoption among developers. 2. With what mission and objectives, the company was set up? In short, tell us about your journey since the inception of the company.
We started the company in 2018. Co-founded by Raghu Mohan (Buidlers Tribe) and me, this company was built with a vision to empower the Web3 ecosystem in India back when the term Web3 wasn’t even coined. Slowly from 2 people, we expanded our company, to the current strength of 30. Our goal was very clear from the beginning, which is to create awareness about Web3 and help it expand its horizons because it withholds huge potential which can bring in better technological advancements and could possibly change the monotonous way of working.
We have organized numerous hackathons and accelerator programs in collaboration with multiple industry leaders to help Indian web3 startups to develop their products and expand their horizons. These programs helped in the widespread adoption of Web3 and led to the formation of a strong 6k developer ecosystem. While working on these hackathon and accelerator programs, we got to connect with the developers at the grassroots level which eventually helped us to understand the hindrances that were being faced by the community.
After doing a deep analysis of the ecosystem, we started our Metaverse journey which will help the developers to learn about Web3, upgrade their skills, and will allow them to find global Web3 opportunities. We have also launched our Hackathon as a precursor to the Lumos Metaverse, to further strengthen our developer community and enable them to transition to our Metaverse smoothly. 3. How do you see the company and the industry in the future ahead?
Since its inception, the Indian Web3 community has been active. Consequently, numerous developers have been experimenting with the technology’s initial features, which have only become more diverse as time goes on. The growth of Web3 in India has been rapid and has been supported by various major Web3 players as well. Besides coming into the market early, India has also developed a robust developer pool, whose potential is highly sought after globally. Metaverse is experiencing interest and exploration the same way that other branches of Web3 are. With the initial buzz, India has seen multiple Web2 firms such as HCL Technologies, Wipro, TCS, Make my trip, etc, begin their journey into the Metaverse and we are witnessing several Metaverse-focused startups or startups expanding to this technology as well.
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