Saturday, 7 October, 2023

Q3 Sees Web3 Funding Decline Post-SBF Trial and 3AC Arrest

In the wake of the highly publicized SBF trial and the arrest of 3AC, the third quarter of 2023 witnessed a drop in funding for Web3 projects. These recent developments have brought increased scrutiny to the blockchain and cryptocurrency sectors, impacting investor sentiment. The decline in funding underscores the growing challenges and regulatory uncertainties faced by the Web3 ecosystem.