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VCs Go Absolutely Insane as They Blow Through Billions on Doomed Web3 Projects

A chaotic room filled with frantic venture capitalists frantically pouring over financial reports as screens behind them display a sea of failed Web3 projects, while others are shown pitching their doomed startups to investors in the background.

VCs are throwing money at Web3 startups like there’s no tomorrow… or a functioning economy.

Source: cointelegraph

Web3 startups have raised over $5.4 billion in venture capital during the first three quarters of 2024, according to data from Crunchbase’s Web3 tracker.Capital poured into blockchain-based companies stood at $1.4 billion in the last quarter alone.  Investors are increasingly targeting emerging markets at the intersection of blockchain and artificial intelligence, while projects focused on decentralized blockchain infrastructure have also drawn substantial capital flow recently. October’s funding highlights include Glow’s […]

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