Web3 and DeFi still leading in investment despite FTX failure

Investment in emerging technologies fell for the third consecutive quarter in the three months to September 2022, the latest Emerging Tech Indicator report from Pitchbook found, with deal values reaching $4.7 billion, down 32% on the spring’s $6.9 billion.
2. Despite the decline in deal-making and a troubled year for crypto, Web3 and DeFi projects were still the largest areas for investment in emerging tech, beating out fintech and biotech.
3. In the third quarter, investment in the sector was $879 million, the lowest recorded amount since the second quarter of last year.

By Evey Lovelace

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