Web3 was outlined by Crunchbase as cryptocurrency and blockchain startups, which have been hit laborious by the continued crypto winter. Whereas VC funding has slowed total, with Crunchbase reporting an 18% drop throughout all sectors within the second quarter of 2023, crypto-related funding has had a a lot steeper decline. In the meantime artificial-intelligence (AI) startups have grow to be the brand new shiny object for traders, seeing $25 billion in funding within the first half of 2023.
