Are Web3 Developers Fleeing the US?
The US is on track to lose a whopping 1 million Web3 developer jobs and millions of related non-technical jobs over the next seven years, all thanks to its love affair with “regulation by enforcement.” A recent report from Electric Capital reveals the US’s global share of web3 developers has plummeted from 40% to 29% in the past six years.
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Ironically, the US started as the largest Web3 software development hub, but now countries with more regulatory clarity (Europe and Asia) are swooping in to grab the spoils.
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