First Quarter 2023 Crypto Report | PitchBook

[ad_1]

Fill out the form to download a preview of this report. The full report is available through the PitchBook platform.

Unboxing the potential of crypto

After the collapse of FTX and a few months of fluctuating valuations, the crypto has stabilized. Our Q1 2023 Crypto Report covers where the vertical has been and where it’s growing the most.

Key points to remember:

The first quarter marked the fourth consecutive quarter of declining investment activity, with startups raising $2.6 billion in 353 deals, down 78.0% and 64.4% from the previous quarter. same period last year, respectively. The first quarter of 2023 also marked the lowest amount of capital invested in the vertical since the fourth quarter of 2020. Late-stage valuations increased by 209%, but this number may be skewed due to a lack of disclosure on down cycles. Emerging opportunities include startups working on Web3 protocol privacy, data management and security. Table of Contents Vertical Overview 3 Q1 2023 Timeline 5 Crypto Landscape 6 Crypto VC Ecosystem Market Map 7 VC Activity 9 Emerging Opportunities 18 Zero-knowledge Evidence 19 Web3 Identity 22 Selected Company Highlights 25 Intmax 26 Obol 27

[ad_2]