CoinFund’s Seth Ginns on why the crypto downturn has spared early-stage startups

Crypto token prices have been trending downward for the past year, with BTC and ETH both down over 50% since last September. Yet despite the downturn in cryptocurrency prices, early-stage web3 startups have shown remarkable resilience in their valuations, Seth Ginns, managing partner and head of liquid tokens at digital asset investment firm CoinFund told us on this Tuesday’s episode of Chain Reaction.
Startups haven’t been completely immune to the downturn — late-stage companies have taken the biggest valuation haircuts during the down market, Ginns said. Ginns has a broad i

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