At Denvers crypto fest, bears abound, but none can be seen.
EthDenver, the worlds largest Ethereum developer gathering, drew 20,000 attendees to Denver. The crypto market has lost up to $2 trillion, but many en
EthDenver, the worlds largest Ethereum developer gathering, drew 20,000 attendees to Denver. The crypto market has lost up to $2 trillion, but many entrepreneurs and investors think the market downturn is beneficial to the web3 spaces longterm health. Developers and founders saw the reduced party attendance as a positive sign because it indicated that the majority of the speculators had left. The downsizing of events and celebrations coincided with shrinking investments for startups, which are now facing a difficult time attracting funding. Venture capital for web3 businesses fell sharply in Q4 2022, totaling $2.4 billion compared to $9.3 billion the previous year, and the number of web3 startups funded fell by half to 327 during the quarter.
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B2B Tech News | 6 months ago