Despite Crypto’s and Web3’s Potential, VC Funding Isn’t Flowing In
The crypto and Web3 industries are buzzing with excitement. With the recent U.S. presidential election bringing promises of reduced regulations, many in the crypto space are hopeful for a new era of growth. Bitcoin has surged past $100,000, and investors are celebrating what they believe to be a digital asset revolution. However, venture capitalists (VCs) aren’t rushing in just yet. Despite the enthusiasm, funding for Web3 startups declined in Q4 2024. According to Crunchbase data, Web3 companies raised $1.8 billion in 267 deals, an 18% drop from $2.2 billion in 326 deals in Q3. While this is a 20% increase…