According to Techcrunch, according to Crunchbase Web3 Tracker data, the financing amount of global Web3 crypto startups is expected to decline for the seventh consecutive quarter, and the financing amount in the third quarter may be significantly lower than the $1.9 billion in the second quarter. The data in the second quarter was relatively stable, and the financing amount of crypto startups was only slightly lower than that in the first quarter (US$2 billion).
The current quarter is going to be even more volatile. So far in the third quarter, venture funding for Web3 has totaled $412.7 million, and if things don’t improve, that number will only be around $1.2 billion by the end of September.