Victor Kravets
@victorkr
Crypto venture capital funding declined 20% to $2.4 billion in the third quarter from the previous one, driven by a “barbell market” where Bitcoin and high-risk memecoins led, and mid-tier projects seeking funding were overlooked, Galaxy Digital said. The funding drop was accompanied by a 17% decrease in deals, with 478 made during Q3, the crypto investment firm’s head of research Alex Thorn and research analyst Gabe Parker wrote in an Oct. 15 report.
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