Vitalik Buterin, co-founder of the Ethereum blockchain, said at the Permissionless conference that he has observed the growing influence of Asian development teams on crypto.
This is a marked departure from the past, when most development was in the West.
“Five years ago, the exchanges and the mining industry in East Asia seemed great, but you know, they contributed very little to the development and research side. I feel like there’s been a really big shift,” he said.
Buterin said he has been traveling in East Asia over the past month and has been in contact with four or maybe five teams who are building some kind of account abstraction wallet.