Info from this article: https://law.stanford.edu/2021/11/12/europes-third-way-is-web3-why-the-eu-should-embrace-crypto/
- Web3 as potentially EU’s promising path to digital sovereignty
- Digital sovereignty almost underpinning every single digital policy proposal in the EU
- Crypto as a means to make the EU financially independent from the US
- Web3 is Europe’s single biggest opportunity to revive economically and technologically
- Clearly, EU fell behind economically in the Web 2.0 era, besides Spotify not many tech giants created
- Europe is currently the largest crypto economy with over $1T in transactions
- The EU has the most advanced and harmonized regulation around the corner
- US regulation lags
- Compared to the US or China, Europe has by far the lowest cost of disruption and the biggest potential upside.
