Posted 11/13/2023, 6:03:55 PM
Crypto Venture Investment Falls for 6th Straight Quarter But Renewed Optimism Seen
- Crypto venture investment declined for 6th straight quarter in Q3 2022, falling to $1.8B across 309 deals.
- Investors now more optimistic and focused on real-world use cases and infrastructure vs abstract projects.
- Recent crypto price gains seen as a positive signal by investors.
- Q3 2022 saw the most subdued crypto VC activity since late 2020.
- Investors are renewing focus on investing in web3, crypto, and blockchain technologies again.