Time flies, doesn’t it? We’re almost by the primary month of Q3, which implies we will lastly begin paying attention to the developments that may outline the remainder of the yr, or whether or not long-lasting developments are set to proceed.
One such long-running pattern reveals no indicators of reversing: Sadly for crypto, a former darling of startup land, funding to web3 startups continues to say no and can doubtless achieve this for the foreseeable future.
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In line with 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 monitor to land fairly a bit under the $1.9 billion crypto firms raised in Q2.
In actual fact, Q2 really felt sort of secure, 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 date have totaled $412.7 million, and if issues don’t enhance, that may add as much as about $1.2 billion or so by the top of September.
