The 2023 Web3 Investment Outlook
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This wasn’t the year hoped for in the crypto and blockchain space, especially for stakeholders and investors.
Between Terra’s Do Kwon and FTX’s Sam Bankman-Fried bankruptcies and criminal indictments, regulators sifting through the rubble of missing assets, and the total crypto market capitalization shrinking by more than a billion dollars, 2022 will go down as one of the most dramatic years in crypto history.
Besides dampening retail investor confidence, the latest report by CB Insights noted that venture funding for the blockchain industry dropped to $4.6 billion during the third quarter of 2022 – marking the second quarter-over-quarter decline this year.
Given the challenging backdrop, 2023 will be starting on its back foot, trying to claw its way out of this extended crypto winter; and every Satoshi will be counted. Still, Web3 investments aren’t expected to dry up and disappear. Web3 refers to the next iteration of internet technology, which is decentralized and includes blockchain and token components.