**Stay Positive! Crypto Executives Remain Bullish Despite VC Funding Dip** 🚀
🌟 Despite a recent slump in venture capital funding, executives in the crypto industry are still shining with optimism about the bright future of the sector.
📊 According to data from the crypto analytics provider RootData, the second quarter of last year marked the lowest funds raised by crypto firms since tracking began in Q3 2021, amounting to $2.17 billion.
📉 This figure dipped compared to the prior quarter’s $2.47 billion and the fourth quarter’s $3.36 billion in 2022. However, there’s a silver lining!
🌈 Gvantsa Chkuaseli, the head of structuring and fundraising at Web3 accelerator Outlier Ventures, shared with Cointelegraph that the tide is turning. She noted, “We can see through success stories in our portfolio, like Mawari’s recent $6.5 million seed round and Zinc’s $5 million Series A, that interest remains high despite the current challenges.”
📈 In the peak of excitement in Q1 2022, crypto start-ups raked in a staggering $12.64 billion across 558 fundraising rounds. The future is bright for the crypto industry—keep those positive vibes flowing! 🌟💬🚀