Strong Project Formation in Europe Emergence of Four Core Hubs While an increasing number of countries strive to attract crypto projects by creating a regulatory ‘sandbox’, the majority of founding teams and developer talent remain Europe- based. London, Zug, Berlin, and Tallinn are just a handful of cities leading Europe with robust blockchain talent. It comes as no surprise that these cities have historically been hubs for attracting top fintech startups. LONDON Projects: Colony, Ntropy, Flying Carpet, Verisart, Everledger, Provenance, Electron, Blockchain.com, Elliptic Legal Domicile vs Founders’ Domicile People: Vinay Gupta, Pamir Gelenbe, Richard Muirhead, Ben Livshits, Jack du Rose, Stephen Tual, Jeremy Millar, Azeem Azhar, Vlad Zamfir Funds: Fabric Ventures, Libertus Capital, Outlier Ventures, KR1 $4.500,000,000 Hubs: London Blockchain Labs, Consensys (opening soon), Fabric House (opening soon) Associations: Consensys, Coinsilium Events & media: On Deck, CogX, Coinscrum, Christie’s Art + Tech Summit, Blockchain Live $4.000,000,000 $3.500,000,000 SAN FRANCISCO Projects: Ripple, Coinbase, 0x, Civic, Dfinity, Stellar, Litecoin, Orchid, Keep Network, Kraken $3.000,000,000 People: Naval Ravikant, Olaf Carlson-Wee, Brian Armstrong, Fred Ehrsam, Matt Huang, Kathleen Breitman, Juan Benet, Balaji Srinivasan, Jesse Powell, Stefan Thomas, Steven Waterhouse Funds: Metastable, a16z crypto, Polychain, 1Confirmation, Blockchain Capital, Pantera Capital, Paradigm $2.500,000,000 Hubs: Node Associations: Blockchain at Berkeley, Events & media: CESC, ETH San Francisco, TechCrunch Disrupt, Global Blockchain Forum $2.000,000,000 $1.500,000,000 NEW YORK Projects: Blockstack, Basis, R3, LO3’s Exergy, Messari $1.000,000,000 People: Albert Wenger, Barry Silbert, Joseph Lubin, Laura Shin, Chris Burniske, Jake Brukhman, Amber Baldet, Mike Novogratz, Karl Floersch, Ryan Selkis, Erik Voorhees Europe Asia Americas Funds: Digital Currency Group, Boost VC, Union Square Ventures, Galaxy Digital, Coinfund Hubs: Crypto NYC, NYC Blockchain Resource Center Legal Domicile Founders’ Domicile Associations: Coindesk, Cointelegraph, Laura Shin’s Unchained and Unconfirmed Events & media: Blockchain Week NYC, Ethereal Summit, F0256, Consensus, Token Summit, The Block Source: Token Data BERLIN Projects: Gnosis, Ocean Protocol, Parity Technologies, Golem, Slock.it, Raiden, Lisk, Cosmos, Centrifuge, Energy Web Foundation People: Carl Bennetts, Jutta Steiner, Gavin Wood, Trent McConaghy, Maria Paula Fernandez, Stefan George, Brian Fabian Crain Funds: BlueYard, Neufund, 1kx Hubs: FullNode, Factory Berlin Associations: Web 3 Foundation, Grid Singularity, Ethereum Foundation Events & media: Web 3 Summit, EthBerlin, Dezentral, Blockstack Berlin, Blueyard events, Tech Open Air, Epicenter, Zero Knowledge Podcast 20 21