Ten out of the top 30 web3 cities around the world are based in Europe and this proves that the region is quickly becoming dominant in web3 tech. Massive funding inflow to European-based web3 startups is also a major factor in this dominance according to a European venture capital firm Rockaway Blockchain Fund in recent statements ahead of their Gateway to Cosmos Conference and Hackathon web3 event in Prague.
Among the web3 fields expected to experience massive expansion in the region include cryptocurrency, DeFi, and NFTs in addition to artificial intelligence, IoT, and machine learning.
“A range of countries are competing to offer the most friendly operational environment for crypto enterprises, with a Q1 report from Coinclub ranking Germany as top of the list of operators to set up shop,” read the statement.
According to statistics from the Web3.career, London, Berlin, Amsterdam, Zurich, and Tallinn cities are ranked among the best web3 cities in terms of job listing counts. London is number 4 with 992 job listings, Berlin number 6 with 737 job listings, Amsterdam number 18 with 130, and Zurich number 22 with 96 job listings.
Europe is experiencing growth in the web3 industry not only with regards to job listing alone but also in startup funding. The EU-Startups website has documented tens of EU-based web3 startups that have successfully raised venture capital funding rounds since the start of this year. Examples include Staex, Creandum, Kleoverse, Klima, and Aisti. Other factors include a regulatory framework that is set to encourage the growth of this tech although that could slow specific crypto developments.
Continue reading: https://zycrypto.com/why-europe-will-continue-to-lead-in-global-webb3-development/
Among the web3 fields expected to experience massive expansion in the region include cryptocurrency, DeFi, and NFTs in addition to artificial intelligence, IoT, and machine learning.
“A range of countries are competing to offer the most friendly operational environment for crypto enterprises, with a Q1 report from Coinclub ranking Germany as top of the list of operators to set up shop,” read the statement.
According to statistics from the Web3.career, London, Berlin, Amsterdam, Zurich, and Tallinn cities are ranked among the best web3 cities in terms of job listing counts. London is number 4 with 992 job listings, Berlin number 6 with 737 job listings, Amsterdam number 18 with 130, and Zurich number 22 with 96 job listings.
Europe is experiencing growth in the web3 industry not only with regards to job listing alone but also in startup funding. The EU-Startups website has documented tens of EU-based web3 startups that have successfully raised venture capital funding rounds since the start of this year. Examples include Staex, Creandum, Kleoverse, Klima, and Aisti. Other factors include a regulatory framework that is set to encourage the growth of this tech although that could slow specific crypto developments.
Continue reading: https://zycrypto.com/why-europe-will-continue-to-lead-in-global-webb3-development/
