"Father of Metaverse Business" Matthew Ball: The funding amount for crypto companies in 2023 may only be one-third of that in 2021 and 2022

ChainCatcher news, known as the "father of metaverse business," Matthew Ball stated on social media that as of the third quarter of 2023, the direct investment amount from venture capital (VC) and private equity (PE) in crypto startups reached $89.5 billion, with half of the funds occurring after September 2021.

Currently, the financing amount for crypto companies in 2023 is less than $9 billion, compared to $30.2 billion in 2021 and $29.3 billion in 2022. The financing amount for crypto companies in 2023 may be one-third of that in 2021 and 2022.