From Fortune:



The article discusses the funding landscape for crypto projects from 2021 through 2023. It notes that there was a significant decrease in funding in 2023 due to various factors such as regulatory crackdowns, a bear market, and a decline in venture capital. Some eye-popping fundraises of 2023 were highlighted, including Wormhole raising $225 million, LayerZero raising $120 million, Worldcoin raising $115 million, and Blockchain.com raising $110 million at a lower valuation. Additionally, Auradine raised $81 million without a product, and CryptoGPT raised $10 million for a questionable concept. The article also mentions the decrease in valuation for some crypto firms and the uncertainty surrounding the industry’s future.



Original: In a tough venture environment for crypto, here are the most notable fundraises of 2023