From the article:
Many people have wondered over the past year whether Miami can become the next Silicon Valley. For crypto enthusiasts, the prospect appears likely.
The city saw a financing rush of venture capitalists piling into blockchain startups last year, with investments in the sector skyrocketing a whopping 2,061% in 2021, according to VC firm Telstra Ventures’ analysis of 40,000 startups across 28 regions. As the country’s major tech hubs, San Francisco, New York City, and Los Angeles still lead the way in blockchain investments, but the massive boom in Miami last year helped the city emerge from nowhere to take fourth place, Telstra Ventures’ “Tech’s Great Migration” report indicated.