It’s usually third-world countries that frequently say they’re experiencing a “brain drain” — the bleeding of talent to other countries or parts of the world. But it seems now the United States is the one seeing talent fleeing to other parts of the world, at least as far as blockchain developers are concerned.
The number of blockchain developers in the U.S. has declined every year since 2017, according to a recent report by Electric Capital. While it’s arguably a bad signal for American innovation, it also points to a globally growing remote crypto ecosystem and workforce in a post-COVID world.
According to the report, the U.S.’ share of blockchain developers has fallen 2% per year in the last five years, dropping to 29% last year from 40% in 2017.
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