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Crypto execs discuss the rise of Web3 tech hubs around the world

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Crypto execs discuss the rise of Web3 tech hubs around the world

Source: news.google.com

What are the main destinations for a career in cryptography? For some, they are traditional innovation hubs like Miami or Silicon Valley. For others, it is Singapore or Seoul. Furthermore, some would even argue that simply having a stable internet connection, regardless of location, is enough to break through in the realm of Web3.

To answer this question, Cointelegraph editor-in-chief Kristina Lucrezia Cornèr asked a panel of experts at the annual Web Summit in Lisbon. Speakers at the event included Zach Coelius, Coelius Capital Managing Partner; Laura González-Estéfani, founder and CEO of TheVentureCity; and Oscar Ramos, general partner of Orbit Startups.

The four experts on the “The Next Silicon Valley” panel at Web Summit. Source: Cointelegraph

According to González-Estéfani, who was born in Spain but spent most of his time in the San Francisco Bay Area and Miami, the upcoming tech center will be a place where people can “get the support they need from the different partners , investors and ecosystem builders”. And for González-Estéfani, that place is more likely to be in the United States than in Europe.

“The Bay Area is very accessible. Anyone is willing to help you. People see you and fall in love with you with your vision. If you are looking for financing, there are many entrepreneurs willing to help you. If you go to Miami, it’s a great mix of people from all over the world, business people of all ages. But if you look at Europe, it’s much more conservative.”

However, Coelius, who was originally born in Minnesota and moved to the Bay Area in 2005, did not echo González-Estéfani’s opinion. He saw the matter very differently: “When I first got here, I saw billions and billions of dollars flowing into the tech industry,” Coelius said. “But that energy, which was all centered in the Bay Area, has now spread all over the world. So whether it’s in Miami or Lisbon or Kosovo, there’s incredible innovation going on all over the world.”

Coelius further added that groupthink in the Bay Area is a major factor why he believes the next tech hubs will be in locations spread across the globe:

“A lot of people think the same way. They go to the same parties, play the same games, think the same things. And it makes things really boring. And so I’m personally very excited about all the new ideas that are popping up for people around the world.”

As for Ramos, who also came from Madrid but has lived in Asia for 15 years, he believes that the future of technological development will be concentrated in the East. “In China, I have seen the revolution of a technical system,” he said. “When I first arrived, you couldn’t pay for anything online. You need to have someone come to you, and you pay that person. And now, there’s a market that we’re currently looking at as the most advanced fintech ecosystem in the world.”

At this point, Lucrezia Cornèr also joined the matter. While Cointelegraph is based in more than 30 countries, Lucrezia Cornèr runs her day-to-day corporate affairs in a very small Italian town of less than 7,000 people. “If we were to bring all the people together in one place, we would actually lose all our value,” he said, “because our value is not skewed by where we are located, but by whether or not we are able to search for the people. tastes of others.”

Coelius seemed to agree, adding that his advice for employers and workers alike is to “go where your network is, where your support system is, where your infrastructure has been built. And then you can recruit talent from all over the world.”

Panel “The Next Silicon Valley” at Web Summit. Source: Cointelegraph