{"id":69765,"date":"2023-10-07T02:37:15","date_gmt":"2023-10-07T06:37:15","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/crypto-vc-funding-declines-again-in-q3-as-crypto-winter-drags-on\/"},"modified":"2023-10-07T02:37:18","modified_gmt":"2023-10-07T06:37:18","slug":"crypto-vc-funding-declines-again-in-q3-as-crypto-winter-drags-on","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=69765","title":{"rendered":"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On"},"content":{"rendered":"<div>\n<p>The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data analytics firm FundStrat.<\/p>\n<p>In a new presentation, FundStrat noted that VC funding for crypto firms contracted for a sixth successive quarter to $1.4 billion in Q3 2023, while the number of individual deals dropped 30% to 214.<\/p>\n<p>That\u2019s a near 90% decline from the more than $10 billion in VC funding that crypto firms were able to secure in Q1 2022, shortly after many crypto assets reached their all-time peaks in late 2021.<\/p>\n<p>Still, despite the big decline in the past year and a half, VC funding for crypto firms remains 2-3x above its levels for most of 2018-2020, FundStrat pointed out.<\/p>\n<p>\u201cDespite a sustained decrease in total capital investment, the crypto venture market has continued to attract more interest compared to previous market cycles,\u201d FundStrat noted.<\/p>\n<p>\u201cPotential tailwinds to end 2023 include the increased likelihood of a spot Bitcoin ETF approval and most of the US monetary tightening in the rearview mirror,\u201d the data analytics firm added.<\/p>\n<h2><strong>Infrastructure Retains Lead, But CeFi and Web3 Social Apps Enjoy Growth<\/strong><\/h2>\n<p>While crypto infrastructure firms continued to attract the most investment in Q3, raising $586 million across 79 deals, their dominance in the VC crypto landscape faded versus Q1 and Q2.<\/p>\n<p>The most notable fund raising round conducted by an infrastructure firm was Flashbots $60 million raise, which gave the company unicorn status (i.e. a valuation of above $1 billion).<\/p>\n<p>Meanwhile, Web3 &amp; NFTs were able to raise $325 million across 55 deals, powered by growth in interest in social apps such as friend.tech, which raised an undisclosed amount in Q3.<\/p>\n<p>\u201cAs content creators begin engaging with audiences in new formats, monetization of intellectual property becomes increasingly important,\u201d FundStrat noted.<\/p>\n<p>\u201cNew projects such as Sound.xyz\u2026 are seeking to change the way in which creators can capitalize on their content,\u201d they added.<\/p>\n<p>Sound.xyz was able to raise $20 million in a series A funding round led by Andreessen Horowitz.<\/p>\n<p>Elsewhere, after struggling to gain funding in the first half of 2023 in wake of the high-profile failure of centralized cryptocurrency exchange FTX, VC interest in CeFi was on the rise in Q3 and it was the third most funded category.<\/p>\n<p>\u201cIt is important to caveat that the funding was spread across fewer deals, as investors may be looking to support CeFi companies with a proven track record rather than brand new projects,\u201d FundStrat added.<\/p>\n<p>CeFi raised $226 million in Q3 across 14 deals, which a substantial $100 million chunk of this investment going to crypto custody firm BitGo.<\/p>\n<h2><strong>Crypto Investments Worth Considering<\/strong><\/h2>\n<p>Blue-chip cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) should form the bread and butter of any crypto investors portfolio.<\/p>\n<p>But if investors want exposure to potentially exponential near-term gains, they should consider an alternative high-risk-high-reward investment strategy \u2013 investing in crypto presales.<\/p>\n<p>This is where investors buy the tokens of up-start crypto projects to help fund their development.<\/p>\n<p>These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.<\/p>\n<p>Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application\/platform.<\/p>\n<p>If an investor can identify such projects, the risk\/reward of their presale investment is very good.<\/p>\n<p>The team at Cryptonews spends a lot of time combing through presale projects to help investors out.<\/p>\n<p>Here is a list of 13 of their favorite crypto presales for 2023.<\/p>\n<p>See the 13 Cryptocurrencies<\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/crypto-vc-funding-declines-again-q3-as-crypto-winter-drags.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data analytics firm FundStrat. In a new presentation, FundStrat noted that VC funding for crypto firms contracted for a sixth successive quarter to $1.4 billion in Q3 2023, while the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-69765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=69765\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=69765\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-07T06:37:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-07T06:37:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/btc-32.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=69765#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=69765\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On\",\"datePublished\":\"2023-10-07T06:37:15+00:00\",\"dateModified\":\"2023-10-07T06:37:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=69765\"},\"wordCount\":622,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=69765#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=69765\",\"url\":\"https:\/\/ifintechworld.com\/?p=69765\",\"name\":\"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-07T06:37:15+00:00\",\"dateModified\":\"2023-10-07T06:37:18+00:00\",\"description\":\"The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=69765#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=69765\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=69765#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On | iFintechWorld","description":"The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=69765","og_locale":"en_US","og_type":"article","og_title":"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On | iFintechWorld","og_description":"The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data","og_url":"https:\/\/ifintechworld.com\/?p=69765","og_site_name":"iFintechWorld","article_published_time":"2023-10-07T06:37:15+00:00","article_modified_time":"2023-10-07T06:37:18+00:00","og_image":[{"width":1200,"height":1200,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/btc-32.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=69765#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=69765"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On","datePublished":"2023-10-07T06:37:15+00:00","dateModified":"2023-10-07T06:37:18+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=69765"},"wordCount":622,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=69765#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=69765","url":"https:\/\/ifintechworld.com\/?p=69765","name":"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-07T06:37:15+00:00","dateModified":"2023-10-07T06:37:18+00:00","description":"The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=69765#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=69765"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=69765#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/69765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69765"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/69765\/revisions"}],"predecessor-version":[{"id":69767,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/69765\/revisions\/69767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/69766"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}