TL;DR
Messari simply dropped its Q3 2023 State of Crypto Fundraising report.
Q3 marked new lows in each total funding quantities and deal counts, lows which hadn’t been seen since This autumn 2020.
Nearly all of offers that occurred in Q3 had been concentrated in early stage rounds (Pre-Seed, Seed, and Collection A offers) and in infrastructure, and DeFi.
Full Story
Messari simply dropped its Q3 2023 State of Crypto Fundraising report, and it is about as stunning as your uncle Steve’s drunk tweets.
(Not fairly, to say the least).
Q3 marked new lows in each total funding quantities and deal counts, lows which hadn’t been seen since This autumn 2020.
Briefly, we’re knee-deep within the bear market swamp, and it isn’t precisely a pool celebration out right here (see gif).
One attention-grabbing factor to notice nonetheless:
Nearly all of offers that occurred in Q3 had been concentrated in early stage rounds (Pre-Seed, Seed, and Collection A offers) and in infrastructure, and DeFi.
What does that imply? Nicely, the pitch of “our built-in Web3 know-how goes to…one thing, one thing, one thing…change the world!!!”?
It ain’t flyin’ anymore (thank god!)
Buyers wish to see actual, apparent utility.
(In any other case they don’t seem to be spending a cent).
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