Web3 funding collapses

at lowest level since 2020. About a one minute read.

Comment: I suspect this is due to the excessive hype about Web3 with little delivery. Also not helping is the recent focus on AI ChatGPT and other LLMs are driving. VC money (I’m connected) has massively skewed to AI, an amazingly large number of projects are being funded. To the detriment of domains such as Web3.