Nansen founder Alex Svanevik tweeted, “I think 2023 will be a massacre for crypto startups: 1. Most seed startups born in 21/22 have no money; 2. Some are acquired; 3. A few A new round of financing can be obtained (80% cannot raise financing); 4. The wages of technical personnel have dropped; 5. Technical positions have shrunk; 6. Venture capital has invested in other fields (artificial intelligence, etc.)."