Yes. We're seeing, basically, clarity in terms of regulation. We're seeing that in the U.S. and in other areas as well. Right now, if you look at the number of venture capital dollars.... Usually when you want to see the next emerging trend, you look at venture capital dollars.
For me, in my background of engineering, I've skilled multiple businesses over the past 20 years in disruptive innovation, starting with the web in the late nineties and then moving forward to open-source technology in the mid-2000s. I'm seeing the same playbook here over again.
If we look at the numbers of dollars that went into blockchain technology and crypto, we see the most ever. I think it was $60 billion just last year, in one fiscal year. Most of those dollars are happening in jurisdictions that basically are allowing things to be a little loose, whether it's the islands or other areas like that. Basically, they actually do want to bring capital into areas that have more stable governments, that have more clarity, like a G7 country like Canada.
Right now we're not seeing anyone looking to take the lead from a G7 country. Canada does have the lead, in my opinion. It's starting to maybe slow down, so in my opinion they are waiting for that to be able to invest not only in new businesses but also in the underlying assets and in the talent locally.
I have lots of examples coming back from Calgary from the blockchain summit. There were lots of foreign investors starting to explore how to invest in mining in Canada, how to invest in equity in companies that are developing blockchain technology, and how to invest in the underlying asset that we can provide access to.