The crypto market has seen some major upheavals in 2022, including the collapse of Terra-Luna, the bankruptcy of FTX, and the problems of crypto lenders. However, despite these disasters, more than 80% of startups that announced seed rounds in 2022 are still going strong, according to a report from Lattice VC.

Venture firms have invested more than $5 billion in 2022 across 1,200 teams, 2.5 times more than in 2021. However, only 1% of teams found product-market fit, and only 12% were able to attract follow-on funding.

Startups launched on the NEAR, Flow, and StarkNet platforms have failed to attract follow-on funding. In the crypto gaming sector, despite raising $700 million in 2022, big ideas like NFTs and the metaverse have failed to live up to expectations.

The top trends of 2024 – AI and decentralized physical infrastructure – have not yet received significant funding. The next two years will reveal whether these areas have more sustainability than the trends of 2022.