Web3 VC: Venture Capital Funding for Web3 Dropped by 80% YoY in Q1


Venture capital funding for web3 dropped by 80% YoY in Q1. The decline was driven by a number of factors, including the sell-off in cryptocurrencies and the broader economic slowdown.

The decline in web3 funding is a sign that the sector is maturing. In the early days of web3, investors were willing to invest in any project that had the word “blockchain” in it. However, investors are now more selective and are only investing in projects that have a strong team and a clear roadmap.

The decline in web3 funding is also a sign that the sector is facing some challenges. The crypto market is highly volatile, and the broader economic slowdown is making it difficult for startups to raise money.

Despite the challenges, the web3 sector is still growing. There are a number of promising projects in the sector, and it is likely that web3 will continue to grow in the years to come.