Los Angeles, also known as the City of Angels, is renowned for its influence in art, fashion, and entertainment. However, it is often overlooked for its significant contributions to technology innovation. Ranked No. 11 on CoinDesk’s Crypto Hubs 2023 list, LA is considered a Web3 superpower. The city’s vibrant and creative atmosphere aligns with the crypto industry’s spirit of being fresh, daring, and pushing boundaries. LA’s tech importance dates back to the 1930s when Caltech researchers founded the Jet Propulsion Laboratory and contributed to modern rocketry. Additionally, UCLA played a role in the development of ARPANET, the precursor to the internet. Today, LA is home to thriving crypto communities focused on NFTs, Web3, and other protocols. While the Walt Disney Company recently disbanded its NFT initiative, other major movie studios, music labels, and talent agencies remain committed to exploring virtual worlds and blockchain-based projects. LA’s grassroots interest in Web3 is evident through its numerous crypto events and meet-ups. Despite regulatory challenges, LA’s quality of life, diverse food scene, and access to nature make it an attractive destination for those passionate about blockchain technology. Plus, it doesn’t hurt that LA has the best movie stars.
Continue reading on Bitcoin.com
