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Time flies, doesn’t it? We’re practically by means of the primary month of Q3, which suggests we are able to lastly begin paying attention to the developments that may outline the remainder of the 12 months, or whether or not long-lasting developments are set to proceed.
One such long-running development exhibits no indicators of reversing: Sadly for crypto, a former darling of startup land, funding to web3 startups continues to say no and can seemingly accomplish that for the foreseeable future.
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In line with the Crunchbase Web3 Tracker, funding to crypto startups all over the world is on tempo to say no for the seventh straight quarter — with investments in Q3 on observe to land fairly a bit beneath the $1.9 billion crypto corporations raised in Q2.
In actual fact, Q2 really felt sort of secure, 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 thus far 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 tip of September.
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