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Time flies, doesn’t it? We’re practically by way of the primary month of Q3, which implies we are able to lastly begin being attentive to the traits that may outline the remainder of the yr, or whether or not long-lasting traits 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 possible accomplish that for the foreseeable future.
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In line with the Crunchbase Web3 Tracker, funding to crypto startups world wide is on tempo to say no for the seventh straight quarter — with investments in Q3 on monitor to land fairly a bit beneath the $1.9 billion crypto corporations raised in Q2.
Actually, Q2 truly felt sort 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 may add as much as about $1.2 billion or so by the top of September.
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