Web3 was defined by Crunchbase as cryptocurrency and blockchain startups, which have been hit hard by the ongoing crypto winter. While VC funding has slowed overall, with Crunchbase reporting an 18% drop across all sectors in the second quarter of 2023, crypto-related funding has had a much steeper decline. Meanwhile artificial-intelligence (AI) startups have become the new shiny object for investors, seeing $25 billion in funding in the first half of 2023.
Related posts
-
Bitcoin Awaits PCE Inflation Report
Solana’s SOL token has outperformed Ethereum’s ETH token this week after New York-based investment management firm... -
Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding
Connect Money, an Egyptian fintech startup, recently secured $8... -
Long Dormant Whale Sends $61M BTC to Coinbase, OnChain Data Shows
The so-called old hands have been selling coins this quarter, adding to bearish pressures in the...