Interest in cryptoassets and Web3 projects is rapidly increasing in New York City, if researchers are to be believed. You can also see this in the number of blockchain companies – there are 692 such firms registered in the state, with over 800 founders and co-founders. Interestingly, 52% of local Fortune-100 members have participated in Web3 and blockchain initiatives since 2020.
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“New Yorkers are optimistic about the opportunities and prospects of cryptocurrencies. One in three respondents said that cryptocurrencies make the financial system more honest and transparent. In addition, New Yorkers see investing in digital assets as a very promising type of investment,” Coinbase analysts said.
In mid-July, it was revealed that New York City Mayor Eric Adams owns cryptocurrencies, but he did not disclose it in his financial report filed with the Conflict of Interest Board.