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.
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.
