The communist Chinese regime’s heavy-handed supervision of China’s high-tech industries has greatly hindered its domestic tech innovation, prompting many Chinese tech firms and industry professionals to seek development overseas.
Web 3.0 is referred to as the next internet revolution or the third-generation Internet that is based on blockchain technology and cryptocurrencies. It is being developed based on the philosophy of decentralization, promising a new era where users have more control over how their data is collected.
The next-generation Internet is developing rapidly in the United States. However, Chinese tech companies and investors are casting a less optimistic eye over its development prospects in China due to the regime’s regulations.
…