Web3 Startup Funding Drops 82 percents YoY

Web3 Startup Funding Drops 82 percents YoY

VC funding for Web3 start-ups decreased by 82% YoY in Q1 2023, dropping to $1.7 billion. The number of big funding rounds hitting nine figures almost completely dried up over the past year. The decline in Web3 funding is attributed to investors opting for a risk-off approach and seeking opportunities in industries they know best. (Read More)