60 Percent of Global Blockchain Unicorns Reside in the US and Hong Kong
CryptoNewsTerminal Staff22 Aug, 2024
60 Percent of Global Blockchain Unicorns Reside in the US and Hong Kong
According to data gathered by VC data platform IT Orange, the United States plays host to 49 crypto and blockchain unicorns. In fact, 60 percent of all blockchain unicorns worldwide are based in either the US or Hong Kong. Unicorns are privately held startups valued at over $1 billion. The presence of these companies in the US and Hong Kong underscores the significance of these regions as hubs for blockchain innovation. The availability of funding, talent, and supportive regulatory frameworks has fostered the growth of blockchain startups in these areas. The dominance of the US and Hong Kong in the blockchain unicorn landscape is a testament to the robust ecosystems that have developed in these regions. As the blockchain industry continues to mature, it will be interesting to see how the distribution of unicorns evolves. ```
