Crypto VC Behavior Reveals Market Trends for 2023 and Beyondby@ulriklykke
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Crypto VC Behavior Reveals Market Trends for 2023 and Beyond

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The venture capital space has been somewhat shaky lately due to general economic uncertainty, rising inflation, interest rate spikes, fears of recession, and volatile economic situations. Overall VC deals across the blockchain industry declined this year, dropping 71% from Q1 to Q2. But more interestingly, the most active blockchain VCs have slowly tilted their portfolio towards Web3 solutions as opposed to DeFi and NFT. Industry titans such as Sequoia Capital and Andreessen Horowitz (a16z) were particularly active, raising billions in funding to enhance the growth of Web3 ecosystems.

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