Time flies, doesn’t it? We’re practically by the primary month of Q3, which implies we are able to lastly begin being attentive to the traits that can outline the remainder of the yr, or whether or not long-lasting traits are set to proceed.
One such long-running development exhibits no indicators of reversing: Sadly for crypto, a former darling of startup land, funding to web3 startups continues to say no and can seemingly accomplish that for the foreseeable future.
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In response to the Crunchbase Web3 Tracker, funding to crypto startups all over the world is on tempo to say no for the seventh straight quarter — with investments in Q3 on observe to land fairly a bit under the $1.9 billion crypto firms raised in Q2.
Actually, Q2 really felt form of steady, since crypto startups raised solely barely lower than the $2 billion they did in Q1.
The present quarter is shaping as much as be shakier. VC investments in web3 to this point have totaled $412.7 million, and if issues don’t enhance, that can add as much as about $1.2 billion or so by the tip of September.
