There Is a World of Web3 Outside the U.S. and Europe

Reflecting on distinct countries, several differences stand out. Singapore and Hong Kong are aiming to become global business hubs, attracting significant capital. Many venture funds have opened headquarters in those cities, drawn by frequent and transparent regulatory updates. Japan is grappling with nuances of IP ownership. In Korea, centralized exchanges like Upbit often outperform giants like Binance (in part driven by Korea’s crypto enthusiasm and restrictions on gambling). Vietnam, while lacking substantial capital, boasts a community of enthusiasts and developers. Meanwhile, Thailand doesn’t have a prominent developer or enthusiast presence, but conglomerates are keenly eyeing the Web3 sector.