How Web3 Companies Are Filling the Void Left by WeWork's Bankruptcy
Web3-focused flexible working spaces are emerging in the UK and Hong Kong, unruffled by the collapse of WeWork earlier this month....
- WeWork filed for Chapter 11 bankruptcy, leaving a gap in the coworking industry.
- WeWork's approach of collecting all membership fees and taking out long-term property leases exposed them to short-term risks.
- Other coworking companies, like Serendipity Labs, are building spaces in inner city regions instead of major urban centers.
- The demand for coworking spaces remains steady, and the failure of WeWork is not expected to impact it significantly.
- There may be an increasing demand for Web3-focused flexible working spaces after the UK and Hong Kong embraced Web3.
- Companies like Huckletree and Oosh Tech Lab are offering flexible Web3 working spaces.
- These spaces may be crucial for making Web3 products more user-friendly.
The article discusses the collapse of WeWork and the impact on the coworking industry. It also highlights the demand for flexible working spaces and the emergence of Web3-focused spaces. Overall, the sentiment is neutral.