Crypto and blockchain startups hit funding lows in Q1 2023, raising just $900M
The coming months will reveal whether the sector can regain momentum and attract more investors, or if the slump in funding becomes a more prolonged trend.
Despite the overall slowdown in funding for the crypto sector, Ledger, a prominent crypto wallet company, managed to secure an additional $108 million in March. This highlights that while the industry may be experiencing a funding drought, established companies with proven track records can still attract significant investments.
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