It hasn’t been a kind year for blockchain-based startup activity. In addition to an during a general venture capital slowdown, web3-focused tech upstarts have also had to deal with a series of intra-industry crises that have, at times, dominated technology headlines.
Thecomes to mind. As does the . And that’s not to mention the .
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Amid all of the above, many folks building or investing in blockchain-based assets and protocols have kept their chins up. Evidence of that abounds — startups are still beingand . Business as usual then, right?
It’s worth recalling that in 2022, the pace at which venture capital dollars were disbursed into web3-focused companies — a broad term; I am not trying to weigh in on the crypto-versus-bitcoin argument — has declined this year. Crunchbase datanoted recently, for example, that after a Q4 2022 peak, capital raised by companies dealing with cryptocurrency or blockchains fell in each successive quarter through Q3 2022.