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This rundown has been compiled using data from several reports and databases, including Pitchbook, Galaxy Research, CryptoRank, InnMind, and Cointelegraph. Major Highlights Funding Continues to Decline: The Crypto VC market is still facing headwinds as investors are cautious, with Q2 2023 attracting $2.32 billion in funding, slightly lower than the previous quarter. Mixed Valuations: The number of completed crypto VC deals increased in Q2, but pre-money valuations continued to decline, reaching $17.93 million, while the median crypto VC deal stood at $3 million in Q2 2023. Web3 Dominance: Web3 Gaming, NFTs, and the Metaverse are high-interest segments, this nascent crypto niche recorded the highest number of deals in Q2 2023. Crypto VC Landscape: Despite headwinds in 2023, the US remains the leading destination for venture capital funds in the digital asset industry, with over $2 billion invested this year. Crypto Winter Continues: 46% of respondents in a survey carried out by InnMind believe that the crypto winter will persist throughout 2023, with market recovery expected in 2024. Crypto VC Funding Overview The has continued to face headwinds this year, with more investors shying away from the digital asset industry. According to the latest data from , Q2 2023 attracted $2.32 billion in funding, down from the previous quarter, which was slightly higher at $2.6 billion. crypto VC landscape Pitchbook Valuations and Number of Deals Show Mixed Trends The number of completed crypto VC deals increased from 439 in Q1 to 456 in Q2. This is the first time the figure has gone up since the market peaked in Q1 2022 when over 1,200 deals were completed during that quarter. However, on the other hand, the pre-money valuation for deals in the digital asset industry has continued on a downtrend, reaching $17.93 million, while the median crypto VC deal stood at $3 million in Q2 2023. Top 5 Crypto VCs by Capital Invested in Q1 2023 According to a Q1 2023 from the InnMind Web3 startups and VC platform, the same players from last year are still dominating the action. Here are some of the VCs that have invested the most funds into crypto startups this year: report - Invested $136.2 million in Q1 funding 10 startups, including EigenLayer, Term Labs, Avalon Corp, Chaos Labs, MSafe, Azra Games, Alongside, Architect, Obol Labs, and Alkimiya. Coinbase Ventures - Invested $131.5 million in Q1, some of the projects funded include Voldex, Alongside, Towns, Believer, Capsule, and CCP Games. a16z - Invested $107.8 million in Q1 to fund 9 projects: Mask, YGG, Inverse Finance, Beldex, Conflux, Tonstarter, Radix, So-Col, and Alchemy Pay. DWF Labs - Invested $75 million in Q1 into 6 projects namely Alkimiya, Caldera, Monad, Kaito, OP3N, and Econia Labs. DragonFly Capital - Invested $53.5 million in Q1 funding 10 projects: MSafe, Quasar, Open Forest Protocol, Quantum Temple, Sleepagotchi, Cedro Finance, OrbLabs, Monad, 3RM and Strider.’ Shima Capital Crypto VC Fundraising is at its lowest since Q3 2020 Evidently, crypto VCs have not invested a lot of funds into the market this year. This is due to a sharp decline in the amount of newly injected capital and new funds. Data from Galaxy Asset Management reveals that the number of new funds in Q2 2023 was only 10, with the total amount raised falling below $1 billion. Source: Galaxy Asset Management As expected, the decline in fundraising amounts has affected the average fund size, which currently stands at $236 million compared to $343 million in 2022. Meanwhile, the median fund size has halved from $100 million to $50 million. High Ticket Crypto VC Funding Rounds in 2023 While 2023 might have started on a low note for both the global and crypto VC industry, there have been several notable raises this year: Blockstream, a company specializing in digital asset infrastructure, $125 million in January through a convertible note and secured a loan to fund its mining co-location services. secured In March, Ledger, the prominent crypto hardware wallet provider, successfully $109 million in a series C funding round extension. attracted Taurus, a digital asset infrastructure provider serving financial institutions in Europe, $65 million in a Series B capital raise with Credit Suisse leading the funding round. raised Scroll, a Layer 2 Ethereum network working on a zero-knowledge Ethereum Virtual Machine (zkEVM) scaling solution, a $50.0 million late-stage VC round in March from prominent investors, including Polychain Capital and Sequoia China. secured Funding Rounds by Investor and Category As for the number of funding rounds, data from CryptoRank shows that Polygon Fund has participated in 29 funding rounds this year, closely followed by DWF Labs and Coinbase Ventures, both at 28 rounds each. It is also noteworthy that most of the funds were allocated toward blockchain service and blockchain infrastructure projects. Seed Stage Rounds Accounted for the Lion’s Share Seed-stage funding rounds have attracted the most capital this year, accounting for 33.82% while pre-seed and series A raises stood at 8.97% and 7.5% respectively. Crypto VC Investments by Segment & Region , NFTs, and the are still an area of high interest, this segment of the crypto market recorded the highest number of deals in Q2 2023 followed closely by Lending, Investing, Exchange, and Trading companies. Web3 Gaming Metaverse However, when it comes to the amount of capital invested, it was vice versa: trading and investing companies carried the day, while Web3 infrastructures came in second. The US Leads in Crypto VC Raises and Funding Rounds Despite regulatory uncertainty, the US remains the leading destination for venture capital funds targeting the digital asset industry. This year alone, over $2.1 billion has been invested in crypto startups based in the US. Undisclosed locations follow at $1.2 billion, and in third place is the United Kingdom with $602.93 million. InnMind Survey: Web3 Most Potential Niche and Crypto Winter to End in 2024 A recent survey conducted by InnMind, involving 147 professional VCs in the digital asset industry, reveals that the majority of participants believe Web3 infrastructure startups hold the most upside potential. More interestingly, 46% of the respondents believe that the crypto winter or the period of 'nothingness' will continue for the rest of 2023, and it is unlikely that we will see the market bouncing back until next year. Closing Thoughts The crypto bear market has undoubtedly impacted the availability of venture capital over the past year. However, it is essential to highlight that there remains notable activity in value-based projects focusing on Web3, especially in the metaverse and NFT segments. As we look ahead, the outlook on whether substantial capital will flow into the digital asset industry this year remains uncertain. That said, there is a higher likelihood that many investors will remain cautious and stay on the sidelines for the rest of 2023. Also published here.

Crypto VC Landscape in 2023: Adapting Strategies Amidst the Winter

Gemini - A Family of Highly Capable Multimodal Models: Discussion and Conclusion, References

The "hard labour" hitherto inflicted

The House of the Dead; or, Prison Life in Siberia by Fyodor Dostoyevsky is part of the HackerNoon Books Series. You can jump to any chapter in this book here . FREEDOM! X. FREEDOM! This incident occurred during my last year of imprisonment. My recollection of what occurred this last year is as keen as of the events of the first years; but I have gone into detail enough. In spite of my impatience to be out, this year was the least trying of all the years I spent there. I had now many friends and acquaintances among the convicts, who had by this time made up their minds very much in my favour. Many of them, indeed, had come to feel a sincere and genuine affection for me. The soldier who was assigned to accompany my friend and myself—simultaneously discharged—out of the prison, very nearly cried when the time for leaving came. And when we were at last in full freedom, staying in the rooms of the Government building placed at our disposal for the month we still spent in the town, this man came nearly every day to see us. But there were some men whom I could never soften or win any regard from—God knows why—and who showed just the same hard aversion for me at the last as at the first; something we could not get over stood between us. I had more indulgences during the last year. I found among the military functionaries of our town old acquaintances, and even some old schoolfellows, and the renewal of these relations helped me. Thanks to them I got permission to have some money, to write to my family, and even to have some books. For some years I had not had a single volume, and words would fail to tell the strange, deep emotion and excitement which the first book I read at the jail caused me. I began to devour it at night, when the doors were closed, and read it till the break of day. It was a number of a review, and it seemed to me like a messenger from the other world. As I read, my life before the prison days seemed to rise up before me in sharp definition, as of some existence independent of my own, which another soul had had. Then I tried to get some clear idea of my relation to current events and things; whether my arrears of knowledge and experience were too great to make up; whether the men and women out of doors had lived and gone through many things and great during the time I was away from them; and great was my desire to thoroughly understand what was now going on, now that I could know something about it all at last. All the words I read were as palpable things, which I wanted rather to feel sensibly than get mere meaning out of; I tried to see more in the text than could be there. I imagined some mysterious meanings that must be in them, and tried at every page to see allusions to the past, with which my mind was familiar, whether they were there or not; at every turn of the leaf I sought for traces of what had deeply moved people before the days of my bondage; and deep was my dejection when it was forced on my mind that a new state of things had arisen; a new life, among my kind, which was alien to my knowledge and my sentiments. I felt as if I was a straggler, left behind and lost in the onward march of mankind. [Pg 364] Yes, there were indeed arrears, if the word is not too weak. For the truth is, that another generation had come up, and I knew it not, and it knew not me. At the foot of one article I saw the name of one who had been dear to me; with what avidity I flung myself on that paper! But the other names were nearly all new to me; new workers had come upon the scene, and I was eager to know their doings and themselves. It made me feel nearly desperate to have so few books, and to know how hard it would be to get more. At an earlier date, in the old Major's time, it was a dangerous thing indeed to bring books into the jail. If one was found when the whole place was searched, as was regularly done, great was the disturbance, and no efforts were spared to find out how they got in, and who had helped in the offence. I did not want to be subjected to insulting scrutiny, and, if I had, it would have been useless. I had to live without books, and did, shut up in myself, tormenting myself with many a question and problem on which I had no means of throwing any light. But I can never tell it all. [Pg 365] It was in winter that I came in, so in winter I was to leave, on the anniversary-day. Oh, with what impatience did I look forward to the thrice-blessed winter! How gladly did I see the summer die out, the leaves turn yellow on the trees, the grass turn dry over the wide steppe! Summer is gone at last! the winds of autumn howl and groan, the first snow falls in whirling flakes. The winter, so long, long-prayed for, is come, come at last. Oh, how the heart beats with the thought that freedom was really, at last, at last, close at hand. Yet it was strange, as the time of times, the day of days, grew nearer and nearer, so did my soul grow quieter and quieter. I was annoyed at myself, reproached myself even with being cold, indifferent. Many of the convicts, as I met them in the court-yard when the day's work was done, used to get out, and talk with me to wish me joy. "Ah, little Father Alexander Petrovitch, you'll soon be out now! And here you'll leave us poor devils behind!" "Well, Mertynof, have you long to wait still?" I asked the man who spoke. "I! Oh, good Lord, I've seven years of it yet to weary through." Then the man sighed with a far-away, wandering look, as if he was gazing into those intolerable days to come.... Yes, many of my companions congratulated me in a way that showed they really felt what they said. I saw, too, that there was more disposition to meet me as man to man, they drew nearer to me as I was to leave them; the halo of freedom began to surround me, and caring for that they cared more for me. It was in this spirit they bade me farewell. [Pg 366] K—schniski, a young Polish noble, a sweet and amiable person, was very fond, about this time, of walking in the court-yard with me. The stifling nights in the barracks did him much harm, so he tried his best to keep his health by getting all the exercise and fresh air he could. "I am looking forward impatiently to the day when you will be set free," he said with a smile one day, "for when you go I shall realise that I have just one year more of it to undergo." Need I say what I can yet not help saying, that freedom in idea always seemed to us who were there something more free than it ever can be in reality? That was because our fancy was always dwelling upon it. Prisoners always exaggerate when they think of freedom and look on a free man; we did certainly; the poorest servant of one of the officers there seemed a sort of king to us, everything we could imagine in a free man, compared with ourselves at least; he had no irons on his limbs, his head was not shaven, he could go where and when he liked, with no soldiers to watch and escort him. The day before I was set free, as night fell I went for the last time all through and all round the prison. How many a thousand times had I made the circuit of those palisades during those ten years! There, at the rear of the barracks, had I gone to and fro during the whole of that first year, a solitary, despairing man. I remember how I used to reckon up the days I had still to pass there—thousands, thousands! God! how long ago it seemed. There's the corner where the poor prisoned eagle wasted away; Petroff used often to come to me at that place. It seemed as if the man would never leave my side now; he would place himself by my side and walk along without ever saying a word, as though he knew all my thoughts as well as myself, and there was always a strange, inexplicable sort of wondering look on the man's face. [Pg 367] How many a mental farewell did I take of the black, squared beams in our barracks! Ah, me! How much joyless youth, how much strength for which use there was none, was buried, lost in those walls!—youth and strength of which the world might surely have made some use. For I must speak my thoughts as to this: the hapless fellows there were perhaps the strongest, and, in one way or another, the most gifted of our people. There was all that strength of body and of mind lost, hopelessly lost. Whose fault is that? Yes; whose fault is that? The next day, at an early hour, before the men were mustered for work, I went through all the barracks to bid the men a last farewell. Many a vigorous, horny hand was held out to me with right good-will. Some grasped and shook my hand as though all their hearts went with the act; but these were the more generous souls. Most of the poor fellows seemed so much to feel that, for them, I was already a man changed by what was coming, that they could feel scarce anything else. They knew that I had friends in the town, that I was going away at once to gentlemen, that I should sit at their table as their equal. This the poor fellows felt; and, although they did their best as they took my hand, that hand could not be the hand of an equal. No; I, too, was a gentleman now. Some turned their backs on me, and made no reply to my parting words. I think, too, that I saw looks of aversion on some faces. The drum beat; all the convicts went to their work; and I was left to myself. Souchiloff had got up before everybody that morning, and now set himself tremblingly to the task of getting ready for me a last cup of tea. Poor Souchiloff! How he cried when I gave him my clothes, my shirts, my trouser-straps, and some money. [Pg 368] "'Tain't that, 'tain't that," he said, and he bit his trembling lips, "it's that I am going to lose you, Alexander Petrovitch! What shall I do without you?" There was Akim Akimitch, too; him, also, I bade farewell. "Your turn to go will come soon, I pray," said I. "Ah, no! I shall remain here long, long, very long yet," he just managed to say, as he pressed my hand. I threw myself on his neck; we kissed. Ten minutes after the convicts had gone out, my companion and myself left the jail for ever. We went to the blacksmith's shop, where our irons were struck off. We had no armed escort, we went there attended by a single sub-officer. It was convicts who struck off our irons in the engineers' workshop. I let them do it for my friend first, then went to the anvil myself. The smiths made me turn round, seized my leg, and stretched it on the anvil. Then they went about the business methodically, as though they wanted to make a very neat job of it indeed. "The rivet, man, turn the rivet first," I heard the master smith say; "there, so, so. Now, a stroke of the hammer!" The irons fell. I lifted them up. Some strange impulse made me long to have them in my hands for one last time. I couldn't realise that, only a moment before, they had been on my limbs. "Good-bye! Good-bye! Good-bye!" said the convicts in their broken voices; but they seemed pleased as they said it. Yes, farewell! Liberty! New life! Resurrection from the dead! Unspeakable moment! THE END About HackerNoon Book Series: We bring you the most important technical, scientific, and insightful public domain books. This book is part of the public domain. Fyodor Dostoyevsky (2011). The House of the Dead; or, Prison Life in Siberia. Urbana, Illinois: Project Gutenberg. Retrieved October https://www.gutenberg.org/cache/epub/37536/pg37536-images.html This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org , located at https://www.gutenberg.org/policy/license.html .

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