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Crypto VC Funding Hit Two-Year Low in April
Crypto VC funding plummeted 74% in April to a two-year low, suggesting a significant cooling in blockchain startup investment.
What: Venture capital funding for crypto and blockchain startups dropped to $659 million across 63 rounds in April, representing a 74% decline from the previous month and the lowest level in two years.
Why it matters: The sharp decline may signal reduced investor appetite for crypto projects, potentially affecting hiring, salaries, and the viability of blockchain startups.
Takeaway: Developers working in or considering crypto should factor in tighter funding conditions when evaluating job stability or startup opportunities.
Original article
Crypto VC funding fell 74% month-over-month to $659M across 63 rounds in April.
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