2023 Saw Investment in Web3 Record $9B in Inflows
Data from last year shows signs of recovery in Web3, despite the hype around artificial intelligence and the crypto bear market. Considerable investments have also been observed moving into the Asia-Pacific region. This, together with lower rates of failure of crypto projects, demonstrates signs of a maturing Web3 space. A report published earlier this week highlights the developments in Web3 inflows for last year. In 2023, total fundraising in this sector surpassed the $9 billion mark, with November being the month with the highest inflows at $1.3 billion. This demonstrates progressive recovery and growth trajectory, particularly in the fourth quarter,…