The crypto winter could or could not thaw, however not everybody goes into the brand new yr with out hope: A majority of founders are optimistic in regards to the alternatives for crypto startups in 2024, per a brand new survey shared solely with TechCrunch+.
The CoinFund Founder Forecast survey gathered responses from 30 of CoinFund’s web3 portfolio firms throughout the pre-seed, seed and Sequence A phases. The survey ran from November 7 to November 17, when cryptocurrencies like bitcoin and ethereum have been beginning to present indicators of worth restoration.
Whereas some crypto startups could also be going out of enterprise, Alex Felix, managing accomplice and chief funding officer at CoinFund, stated these 30 firms have enough runway and are eager about the brand new yr. “The one factor that was so totally different about this bear market is the resolve to maintain going and never let worth motion or media cloud the imaginative and prescient,” Felix stated. Plenty of the problems we noticed throughout this crypto downturn have been the results of human errors or poor governance, which “reignited the spirit to construct,” he added.
Based on the survey, the highest areas primed for progress within the coming yr embrace AI built-in with web3, zero-knowledge expertise, decentralized finance, shopper apps, gaming, layer-2 blockchains and crypto wallets.
