The Transcontinental Shift: Web3 Projects' Journey from the US to Europe, and Now Asia
Feb 11, 2024
The shift of Web3 projects from the United States to Europe and now Asia marks a significant migration trend within the blockchain and cryptocurrency space. With regulatory uncertainty and stringent frameworks in the US, many projects are seeking more favourable environments abroad. Europe has emerged as an attractive destination due to its relatively supportive regulatory landscape and growing blockchain ecosystem. Now, Asia is increasingly becoming a hotspot for Web3 innovation, with countries like Singapore, Hong Kong, and South Korea leading the charge. These regions offer not only regulatory clarity but also access to talent, capital, and thriving communities of blockchain enthusiasts and developers. As Web3 continues to mature, this global migration underscores the importance of regulatory considerations in shaping the future of decentralised technologies.