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The Decline of Web 3 Funding
Web 3 companies were raising lots of money at the peak. They were raising 10 billion a quarter back in like Q4 2021. In Q1 of this year, that number had fallen to $2 billion. And now, as we kind of get to the end here of Q2, it's looking like 1.5. So from peak to trough, we've seen roughly 85% decline.