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America's largest companies are increasingly adopting cryptocurrency, blockchain, and web3 initiatives, with a record number of projects announced by Fortune 100 companies in Q1 2024, according to Coinbase's latest State of Crypto report. The report highlights a 39% year-over-year increase in web3 projects among Fortune 100 companies, with many nearing completion and an average budget of $9.5 million. Additionally, 56% of Fortune 500 executives report working on onchain projects. Despite this growth, the U.S. has seen a 14% decline in its share of global crypto developers since 2018, now accounting for just 26%. Concerns are raised about the need for fair standards to retain talent and maintain the U.S.'s leadership in technological innovation. $COIN
Will the U.S. Win the Crypto Arms Race? As cryptocurrencies gain mainstream acceptance and mass adoption globally, the United States finds itself in what can only be described as a “Crypto Arms Race.” This is not only a technological race for crypto supremacy, but it is also a… https://t.co/YmiePrquZL
#Blockchain adoption increased 39% among Fortune 100 companies. 📈 According to a report from @coinbase, the adoption spans various initiatives, including #cryptocurrency, blockchain, and #web3 projects, with top finance companies and increased investment in on-chain government…
[COINBASE REPORT] Fortune 100 Companies' Blockchain Initiatives Surge 39% in Q1 2024, Many Near Completion with $9.5M Average Budget; 56% of Fortune 500 Executives Report Blockchain Projects $COIN https://t.co/gCVJlixqTf
