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Covid restrictions drive some China Web3 firms to Singapore It was easy for Sunny Zhang, who runs a Web 3.0 startup, to do business before Covid-19 shut down Shanghai, a national economic powerhouse where companies exploring the third generation of the internet congregated. Venture capital firms, supply chain partners and many non-fungible token (NFT) projects were just some of the types of Web3 firms commonly found there. But the lockdown, which started in March and lasted two months, had made things too difficult for many entrepreneurs. “The recent Shanghai lockdowns have got many in the industry thinking if they should...
