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Facebook, Google and Apple are today’s titans of the tech world. They have achieved their successes in part by leveraging their geographic location in the heart of Silicon Valley. But what if there was a way to decentralize the web so that anyone, anywhere, could contribute to its growth and development?
Silicon Valley has become the single most dominant force in the tech industry. But this dominance has come at a cost. The Valley has become a victim of its own success, as the high cost of living and doing business has priced out many would-be entrepreneurs and innovators.
In this article, we will take a look at some notable Web 3.0 projects that have achieved Silicon Valley-type scale without having to conform to the geographical restrictions of the Valley. We will also explore how Web3 could help solve some of the problems that have arisen as a result of the concentration of power in Silicon Valley.
What makes Silicon Valley work?
Since the early days of the internet, Silicon Valley has been the epicenter of tech innovation. There are a number of factors that have contributed to this. One is the concentration of wealth in the Valley. This has created a large pool of capital that can be invested in new and innovative ideas.
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Another is the presence of major research institutions like Stanford University and University of California, Berkeley. These schools have produced some of the most talented engineers and computer scientists in the world.