Crypto VC Landscape in 2023: Adapting Strategies Amidst the Winterby@ulriklykke

Crypto VC Landscape in 2023: Adapting Strategies Amidst the Winter

tldt arrow
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

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: 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.

People Mentioned

Mention Thumbnail
featured image - Crypto VC Landscape in 2023: Adapting Strategies Amidst the Winter
Ulrik Lykke HackerNoon profile picture

@ulriklykke

Ulrik Lykke


Receive Stories from @ulriklykke


Credibility

react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!