FTX mess interested in crypto? • TechCrunch


It didn’t happen. A good year for the blockchain-based startup movement. In addition to asset-price adjustments during a general venture capital downturn, Web3-focused tech startups have also had to deal with a series of industry crises that sometimes dominate tech headlines.

The Terra/Luna mess comes to mind. Melting capital like three arrows. And that’s not to mention the rapid decline of FTX and related entities.

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Amidst all of the above, many people building or investing in blockchain-based assets and protocols have kept their chins up. Plenty of evidence for that – startups are still based and scaling in the Web3 space and investors are still writing checks. Business as usual then, right?

in case.

In the year The rate at which venture capital dollars are paid to Web 3-based companies in 2022—a broad term, I’m not trying to weigh in on. crypto-versus-bitcoin Debate – decreased this year. For example, after peaking in Q4 2021, capital raised by companies related to cryptocurrency or blockchain fell in each consecutive quarter through Q3 2022, Crunchbase data analyzed by Alma Mater Crunchbase News recently revealed.


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