Web3 Funding Is Cratering, Data Shows — Potentially Spelling Trouble for Numerous Music Startups

Following 2022’s “crypto winter” and the collapse of FTX, Web3 funding reportedly cratered by 82 percent year over year during the opening quarter of 2023, and the downturn could potentially be impacting all manner of music plays.   The diminishing financial support behind Web3 (defined in this instance as startups operating in crypto and/or blockchain) […]
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