Crypto VC Funding Falls to Before 2020 Levels
In the Q3 2023 (July - September), around 300 financing rounds took place for crypto startups in the world, with total value around $2.1 billion.
This amount was the lowest recorded in the last 3 years and more specifically since the last quarter of 2020.
This should be compared to the peak volume of Q1 of 2022, when around $15 billion had fallen in the crypto market through those kind of financing.
The main sectors that attract the majority of investors are startups that build new blockchain infrastructure and DeFi projects around different sectors.
Despite the legal battle in the USA, Binance Labs is the most active investor in the crypto startup space, giving the pulse in the market. The interest reduction seems to be correlated with the global evolution in the regulatory framework around the world but also the bankruptcies that took place over the last year.
How 2023 will close now ?
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