Crypto data platform RootData highlighted that the second quarter of 2023 delivered one of the worst performances in terms of crypto fundraising. Compared with the first quarter of 2022, where $12.62 billion were raised across 559 funding rounds, Q1 2023 saw around $2.1 billion across 292 rounds — an 83% decrease in VC investments flowing into the space.
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Source: Cryptocurrency - investing.com