Reviving Venture Interest: Crypto’s Recent Successes
Like a tenacious balloon, no matter how hard crypto gets knocked down, it tends to float back up again.
I’ve found that to be true in all the years I have covered the decentralized market and economy since 2013.
After a lengthy downturn — a crypto winter, if you want — blockchains and their constituent tokens and services seem to be on a rebound.
Data paints the picture: Spot trading volumes reached a 12-month high earlier this month, the total value of crypto tokens has appreciated materially in recent months, and even NFTs are showing signs of life.
Yet, despite the run of positive news, venture capitalists’ interest in web3 startups continued to decline in Q4 2023, dipping further underneath a severely depressed third-quarter figure.
