Venture capital (VC) funding for the Web3 ecosystem fell significantly in 2023, from $25 billion to $6 billion the year before. In spite of this “crypto winter,” the sector demonstrated resiliency through significant investments. With a sizeable $125 million round, Blockstream took the lead, followed by Chain Reaction with $70 million. With a big $120 million deal, LayerZero’s cross-chain messaging protocol generated excitement, and Mythical Games closed its $37 million Series C1 round. These highlights summed up Web3’s uneventful year, which included both difficulties and fruitful fundraising rounds.
Cointelegraph launched its Accelerator programme in 2023 with the goal of assisting promising Web3 projects. The programme serves as a catalyst for Web3 startups by providing a range of support services, such as content creation, branding, marketing, education, networking, and investor relations solutions, by utilising Cointelegraph’s strengths as a media and strategic partner.
The goal of the forthcoming Investor Demo Day, which is set for November 30, is to present innovative Web3 projects to potential investors. The event, which is being hosted online by LeadBlock Partners, Cipholio Ventures, and Cointelegraph Accelerator, will highlight undiscovered Web3 gems related to digital assets, blockchain, and infrastructure.
Research-driven investment firm Cipholio, the venture division of BitMart, a global cryptocurrency exchange, specialises in blockchain projects and cryptocurrencies. A European venture capital firm called LeadBlock Partners focuses on institutional and corporate blockchain adoption. A Web3 aggregator with its headquarters in Hong Kong, MetaEra, is also involved in this event.
Emerging Web3 projects will showcase their concepts and goods to a wide panel of international investors on the Investor Demo Day.
