Has the FTX mess iced venture interest in crypto?

It hasn't been a good year for startup activity In addition to an asset-price correction during a general venture capital downturn, web3 focused tech upstarts have also had to deal with a series of crises that have dominated technology headlines.

I think of the Terra/Luna mess. The downfall of Three Arrows Capital is similar. The rapid fall of FTX is not included.

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Many people have kept their chins up despite all of the above. Venture investors are still writing checks, as evidenced by the fact that startups are still being founded and scaled in the web3 space. It's business as usual.

Crypto VC deployment still slow as investors wait for even lower valuations

It might be possible.

This year has seen a decline in the pace at which venture capital dollars are disbursed into web3 focused companies. Capital raised by companies dealing with cryptocurrencies fell in each successive quarter through Q3 2022, according to data examined by my alma mater.