Web 3.0 Around the World: Trending Use Cases & Locations

Web 3.0 is a treasure for a workforce planner and a Recruiter simply because it clearly points out where pockets of great talent exist, using the footprint of web 3.0 investments and startups in this area.  Just look at Calgary as an example.  Calgary companies attracted $65.4 million in venture funding across 12 deals in the 2021 fourth quarter.  The quarter brought the city’s total funding in 2021 to $322.2 million, a seven percent increase from the $300 million raised in 2020.  Santiago in Chile is beginning to show some nascent signs of Web3.0 startups.  Web3.0 is an excellent example of lateral thinking.  Lateral thinking has constantly disrupted businesses and ecosystems.  Take Airbnb, for example.  The origin of Airbnb is unique.  They studied the difficulty of senior citizens getting bank loans for their needs and came up with a brilliant idea.  Empty nesters can rent their extra rooms they do not use for travelers who will be in the area for a short while, and seniors can make money.  This idea scaled into the massive enterprise they are now. 

Let us briefly look at Web 3.0 definition.  I was searching for a simple definition, yet an impactful one.  Coinbase blog provided this simple but effective definition

Web1: Read-only

Web2: Read-Write

Web3: Read-Write-Own

Take, for example, Medium, a centralized tool for writers to publish and earn some income with no say in its governance.  In comparison, Mirror allows writers to gain full ownership of their work, have a say in its governance (considered co-owners), and earn directly from their audience.  This is precisely the theme we will continue to observe as we all start shifting to Web3.  Let us say you have an agricultural farm, and you collect data about your crops using an IoT device.  If someone uses your data to understand patterns, you could be commercially benefitting in Web3.0 framework

For this newsletter, we have attempted to showcase such locations where Web3.0 talent is trending (Please note that the commentary below give visibility to new investments going into the cities)