Web3's Rapid Growth in Emerging Regions Driven by Financial Challenges

The genuine expansion of Web3 is primarily happening outside the major financial hubs like San Francisco or Singapore, according to Ray Youssef, CEO of the P2P platform NoOnes. The most rapid growth is observed on the streets of Lagos, markets in Manila, barrios of Buenos Aires, and among freelancers from sanction-hit Russia. These areas are not in conference rooms but in real-life, grassroots environments. Youssef highlighted that Southeast Asia, Sub-Saharan Africa, Latin America, and parts of Eastern Europe are leading in adopting this technology. The driving factors are financial isolation and currency devaluation, which create a necessity for innovative solutions. In Russia, underground educators have developed a new class of "Web3 freelancers." Meanwhile, Tether invests in education initiatives across Africa, and miners from developing nations are following the lead of market leaders — detailed insights are available on ForkLog.