Execs stay optimistic on long-term prospects amid VC funding downturn

As crypto costs stay at decrease ranges, enterprise capital (VC) funding additionally recorded certainly one of its worst quarters since 2021. Regardless of this, executives within the house stay optimistic in regards to the business’s long-term potential.

Crypto knowledge platform RootData highlighted that the second quarter of 2023 delivered one of many worst performances when it comes to crypto fundraising. In contrast with the primary quarter of 2022, the place $12.62 billion had been raised throughout 559 funding rounds, Q1 2023 noticed round $2.1 billion throughout 292 rounds — an 83% lower in VC investments flowing into the house.

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