Venture capital appears to slow its web3 funding rush

Venture capital data thus far in the third quarter indicates that investment into blockchain-focused startups is on pace to contract dramatically compared to recent quarters and the heady 2021 period.
Data from Crunchbase and PitchBook indicate that after totaling around $10 billion in some recent quarters, the total dollar value of web3 investments could more than halve — with some datasets implying an even sharper fall when we compare Q3 2022 with earlier quarters of the same year.
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