Crypto Winter Isn’t Chilling VCs From Investing in Web3, Says PitchBook Analyst

VC investing for “exchanges, custodial wallets, crypto on-ramps” and “a number of centralized lending and borrowing companies” fell by about 85%, he stated, quoting the report. Le stated whereas the decline is sharp, it’s “not stunning” contemplating the high-profile failures of many firms, together with Celsius Community and BlockFi.

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