The investment capital flow is eyeing blockchain projects, offering significant opportunities for Vietnam where this technology was booming to have unicorns
While being one of the highest adopters of digital currencies, Vietnam is not the friendliest jurisdiction for digital currency and blockchain firms, according to local reports.
Seeing the success of Sky Mavis, whose GameFi can attract a capital investment of US$3 billion, other Vietnamese game developers have introduced similar game projects lately.
CEO of Axie Infinity said some of Vietnam’s startups want to set up headquarters in Singapore instead of Vietnam because it’s easier to call for investment there.