• Austin, Texas ranks at No. 9 on CoinDesk’s Crypto Hubs 2023 list due to its attractive weather, live music and food scene, as well as the lack of state income taxes.
• The city had the highest quality-of-life and ease-of-doing-business scores among U.S. hubs in the study, but lower per-capita crypto jobs, companies and events than Wyoming and Silicon Valley.
• Austin is an attractive destination for blockchain professionals due to its good connectivity, affordable housing costs, thriving tech scene anchored by Dell and the University of Texas, temperate year-round weather, creative food scene and renowned live-music venues; plus zero state income taxes.
Austin: Where Remote-Work Crypto Developers Actually Choose to Live
A critical mass of the world’s top Bitcoin developers and mining companies call the No. 9 spot in CoinDesk’s Crypto Hubs 2023 their home—Austin—Texas—lured by the city’s attractive weather, live music and food scene, as well as the lack of state income taxes. Ranked No. 9 overall in this study, Austin was the 3rd U.S. hub on our list coming behind Wyoming and Silicon Valley – California – with higher quality-of-life score & ease-of doing business score compared to other cities but lagged behind them when it comes to crypto job opportunities & companies in comparison with these two cities that scored a little higher in this criteria out of all US hubs included in this research study & survey .
Factors That Make Austin Attractive for Blockchain Professionals
Austin was already topping many lists of best U.S cities for remote working due its excellent connectivity options , relatively low cost of living & housing , as well as vibrant tech culture anchored by Dell corporation & The University Of Texas ; apart from these tangible benefits , there are also several intangible benefits like temperate year round climate , unique food scene & numerous popular music venues that make it a great destination for crypto professionals looking for a better place to work remotely . Added bonus – no State Income Taxes!
Covid 19 Pandemic Impact
Covid 19 pandemic further accelerated an already present trend towards remote working thus making austin even more attractive option for blockchain industry people who prefer or need to work remotely . This shift further boosted austin’s appeal amongst existing crypto community members while also attracting new talent from different parts of world who were looking for a better place with better amenities where they can continue their work without having much worry about social distancing requirements or travel limitations .
Topnotch Infrastructure Benefits Crypto Communities
Austin’s infrastructure has been tailored towards supporting existing crypto communities while also helping new entrants join this vibrant ecosystem . Apart from usual resources such as legal services , accounting firms etc available elsewhere ; austin also offers a wide range of dedicated organizations such as Bitcoin Commons which provides guidance & services related specifically to blockchain industry projects . Furthermore various universities have set up dedicated courses related specifically to blockchain technology which helps interested students learn more about these new technologies before venturing into practical applications or development side of things .
All factors considered , austin stands out amongst other US hubs when it comes down to providing an ideal environment conducive for remote working which makes it one of most preferable destinations for people involved in blockchain industry whether they are developers or executives looking for better opportunities away from their current location .