Venture Funding for Web3 Registers Uptick in 2024
Despite experiencing a notable drop in buzz in the venture capitalist space, the nascent Web3 segment experienced a slight increase in funding in Q1 2024 compared to the fourth quarter of the previous year. This marked the first time Web3 has seen an increase in venture capital funding since Q4 2021, giving the emerging industry a brief reprieve from several years of low funding. However, despite the recent rise in Web3 investing, venture capitalist dollar inflows into the space have dropped year-to-year and are a long way from the highs registered in 2021 to 2022. Web3 refers to the next…