๐Hey BTC enthusiasts! A recent study by Messari shows that crypto fundraising in Q3 2023 dropped to levels last seen in Q4 2020. The overall funding for Q3 was under $2.1 billion across 297 deals, a 36% decline from Q2 2023. ๐
๐ฑMost deals in Q3 were focused on early-stage rounds, with seed funding being the largest stage at $488 million across 98 rounds. Early-stage deals rose to a 48% share in Q3 2023, while later-stage deals plunged to 1.4%. ๐ฟ
๐Messari notes that this shows investors' strategic bear market positioning, as they fund projects that can yield higher profits when the crypto market turns positive. ๐
๐ฎIn terms of sector funding, chain infrastructure, gaming, and decentralized finance (DeFi) were the most well-funded in Q3. Chain infrastructure had the largest capital share at 18%, while DeFi had the highest number of deals, and gaming received around $250 million in investments. ๐ฐ
๐ฅInvestors are strategically positioning themselves for the bull market by focusing on projects that can return greater profits. So, keep an eye on these sectors! ๐
๐ฑMost deals in Q3 were focused on early-stage rounds, with seed funding being the largest stage at $488 million across 98 rounds. Early-stage deals rose to a 48% share in Q3 2023, while later-stage deals plunged to 1.4%. ๐ฟ
๐Messari notes that this shows investors' strategic bear market positioning, as they fund projects that can yield higher profits when the crypto market turns positive. ๐
๐ฎIn terms of sector funding, chain infrastructure, gaming, and decentralized finance (DeFi) were the most well-funded in Q3. Chain infrastructure had the largest capital share at 18%, while DeFi had the highest number of deals, and gaming received around $250 million in investments. ๐ฐ
๐ฅInvestors are strategically positioning themselves for the bull market by focusing on projects that can return greater profits. So, keep an eye on these sectors! ๐