Web3 VC Funding Takes a Nosedive: Crunchbase Data Shows 76% Drop

Funding of Web3 firms from venture capitalists has dropped 76% in the second quarter this year as compared to the same quarter in 2022, Crunchbase data revealed. 
Web3 firms raised just over $1.8 billion in the second quarter of 2023 as compared to $7.5 billion during the same period last year. 
In the first half of 2023, Web3 startups raised $3.3 billion, a 78% drop from $16 billion in the first half of 2022….
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