The current trend is:
The rich are fleeing, and the bosses in the crypto world are settling down.
In the past, everyone was competing on projects, valuations, and TVL; now, the competition is about who gets the Dubai golden visa first, who rented an office downstairs at the Sailor Hotel, and who has the most Web3-style desert selfies in their social media.
On one hand, there are clearances happening domestically, while on the other hand, Dubai is celebrating with fireworks and building skyscrapers.
