Web3 funding

Referring to the financial backing given to startups focused on developing Web3 technologies such as blockchain and cryptocurrency, Web3 funding is a dynamic field. The volume and number of deals can fluctuate greatly from one year to the next. For example, there was a 74% drop in funding to Web3 startups year on year, with less than $7 billion allocated to startups in 1,564 deals. However, the first quarter of 2024 saw a 58% surge in funding, with $1.9 billion across 346 deals.