@InnMindcom asked 147 crypto VC investors from Europe, Asia, the Middle East, and the US.
Read the rest of the report, here.
Some of the key points - polls and evidence below:
28.6% of VCs predicted a market recovery by Q4 2023, while 14.3% were even more optimistic, expecting an end to crypto winter as early as Q2-3 2023.
VCs foresee a shift towards more mature projects and products.
They will focus on mass adoption and user-friendly experiences in the crypto space.
What products on which chain are they looking for?
42.9%, 14.3%, and 7.1% of investors are interested in them, respectively.
Web3 Infrastructure (42.9%): Layer 1 and 2 solutions, decentralized oracles, cloud solutions, and related technologies.
Crypto Finance and DeFi (25.0%): decentralized lending, borrowing, and trading platforms.
📈42.9% of VCs: plan to either invest in more startups this year
35.7% of VCs: maintain their current investment pace
When asked about VCs’ ticket size of investments,
39.3% VCs: $100K-250K
21.4% VCs: $50K-$100K
More brands and traditional corporations are entering the market.
@Adobe releases new analytics services for metaverses.
@Shopify partnered with @novel_commerce to enable brands to create, mint, and sell NFTs on their platform.
Open interest increased. (number of futures contracts that have not closed.)
Higher levels of open interest —> risk-on market sentiment and high liquidity
= many buyers and sellers on the market
Active daily addresses across major blockchains have held steady at 2 million,
a 77% increase since last August.
People are optimistic for market recovery, evolving trends, and promising verticals.
Stay tuned for exciting developments! 🌟
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