Crypto startup funding falls to lowest level in almost two years
Overall, VC firms invested $2.3 billion in crypto startups during the quarter, a 75% drop from the same period the previous year, according to PitchBook. Venture capitalists had already begun slowing their investment activity, but the implosion of FTX in November prompted them to pull back even further, said Robert Le, a crypto analyst at the research firm.
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