These are turbulent times for Web3, the moniker under which an array of economic activities having to do with blockchain, the metaverse, cryptocurrency, NFTs and distributed ledger technology (DLT) are taking place. But if you hold your hand up to shield your eyes from the apocalyptic eclipse and adjust your fingers ever so slightly, you should be able to catch a glimpse of the venture community’s continued enthusiasm for all things crypto in spite of the current carnage.
However, in comparison to a few months ago, just prior to the current bear market, there’s been a palpable change in both the elapsed-time-to-funding and the degree to which investors expect their founders to demonstrate a better command of crypto business models.
