Time flies, doesn’t it? We’re almost by the primary month of Q3, which implies we are able to lastly begin paying attention to the tendencies that may outline the remainder of the yr, or whether or not long-lasting tendencies are set to proceed.
One such long-running development reveals no indicators of reversing: Sadly for crypto, a former darling of startup land, funding to web3 startups continues to say no and can probably accomplish that for the foreseeable future.
The Change explores startups, markets and cash.
Learn it every morning on TechCrunch+ or get The Exchange newsletter each Saturday.
In keeping with the Crunchbase Web3 Tracker, funding to crypto startups all over the world is on tempo to say no for the seventh straight quarter — with investments in Q3 on observe to land fairly a bit under the $1.9 billion crypto corporations raised in Q2.
In actual fact, Q2 truly felt sort of steady, since crypto startups raised solely barely lower than the $2 billion they did in Q1.
The present quarter is shaping as much as be shakier. VC investments in web3 to this point have totaled $412.7 million, and if issues don’t enhance, that may add as much as about $1.2 billion or so by the tip of September.
![Bitcoin [BTC], Gold, S&P 500 and a case of the widening correlation](https://www.blocpress.com/wp-content/uploads/2023/03/chart-1905225_1920-1000x600-120x86.jpg)
