Singapore’s Web3 scene gaining expertise with influx from Japan

Web3 refers to the third generation in the evolution of the Internet built using decentralised blockchains. PHOTO: BUSINESS TIMES
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SINGAPORE – The local tech scene is getting a shot in the arm from entrepreneurs and software experts leaving Japan and turning up in Singapore.

Industry insiders told The Straits Times that many Japanese start-ups and Web3-related companies have moved to Singapore or Dubai due to the high tax regime in their country.

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