Crypto VC In Chilling Grips Of Winter: Galaxy Research Reveals A Lack Of Dealflow
From Nasdaq, Inc.:
Venture capital inflows into cryptocurrency remained low at the end of 2023 with a deal count dropping significantly from the previous quarter and investment declining to under $2 billion. Rising interest rates, high-profile venture failures, and regulatory uncertainty contributed to the decline. However, despite challenges, the industry emerged as the third-highest year for total deals and capital invested. Emerging trends like AI and DeFi hint at potential growth areas once the market stabilizes. While frozen now, the crypto venture landscape shows seeds of future growth waiting to be unlocked. No investment advice is given, and all rights are reserved.
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