In 2023, crypto VC funding experienced a significant decline, dropping by 68% compared to the previous year. Leading investors such as Coinbase, Galaxy, Polygon, and Multicoin shared their 2024 funding outlook amidst this downturn. The drop in funding in 2023 was attributed to the previous funding that contributed to the doubling of the crypto market cap. Despite this, there is optimism for the future, with expectations that funding will be exceptional in 2024 and 2025. Venture capitalists invested $10.7 billion into crypto and blockchain startups in 2023, marking a substantial decrease from the $33.3 billion invested in 2022. Notably, NFT/games and infrastructure maintained dominance in terms of volume despite the overall decline in funding. Investments in unicorns fell to around 22% of the 2021 market peak, with leading investors such as a16z and Coatue reducing their investments in these companies significantly.
ICYMI: Coinbase, Galaxy, Polygon, Multicoin, and other top crypto VCs share their 2024 funding outlook https://t.co/QV6RCgddbQ
*COINBASE, GALAXY, POLYGON, MULTICOIN, AND OTHER TOP CRYPTO VCS SHARE THEIR 2024 FUNDING OUTLOOK - THE BLOCK
Coinbase, Galaxy, Polygon, Multicoin, and other top crypto VCs share their 2024 funding outlook https://t.co/ztieVSfDwM
In 2023, funding to unicorns has fallen to around 22% of what it was in the 2021 market peak, with investments in those companies by leading investors — from @a16z to Coatue — dropping precipitously. https://t.co/aewLddcQK0
ICYMI: Crypto VC funding took a nosedive in 2023, down 68% compared to the year before https://t.co/cqVEYDQloH
Venture capitalists invested $10.7 billion into crypto and blockchain startups in 2023, down 68% from $33.3 billion in 2022. NFT/games and infrastructure maintain their dominance in terms of volume. TheBlock https://t.co/zcvsjxFtgq
the drop in crypto funding in 2023 was responsible the previous funding contributed to the crypto market cap doubling in 2023 funding is on fire right now - 2024/25 will be very special https://t.co/DuLhvmsVir
*CRYPTO VC FUNDING TOOK A NOSEDIVE IN 2023, DOWN 68% COMPARED TO THE YEAR BEFORE - THE BLOCK
Crypto VC funding took a nosedive in 2023, down 68% compared to the year before https://t.co/KAMDTK5Y9I