Investors chase Web3 as blockchain industry builds despite bear market
Cointelegraph Research asked top venture capitalists and industry professionals, “What is Web3, and what does it mean for the industry?”
Auto Added by WPeMatico
Cointelegraph Research asked top venture capitalists and industry professionals, “What is Web3, and what does it mean for the industry?”
November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.
Sam Bankman-Fried was consulted on the capital injection, which was made before crypto prices plummeted.
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023.
Crypto database shows that most firms are venture capital at 52.8%, followed by hedge funds with 44.3% and then private equity and mutual funds at 2.9%.
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain.
Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment.
The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions.
Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table.
The Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding.