TechFlow news, on December 12, Alex Svanevik, founder of Nansen, tweeted that 2023 will be a bloodbath for crypto startups:
1. Most seed-stage startups founded in 2021/2022 have run out of funds;
2. Some have been acquired;
3. Only a few can secure new funding rounds (>80% must raise at valuations lower than their previous round);
4. Declining salaries for technical staff;
5. Shrinking number of technical positions;
6. VCs shifting investments to other sectors (such as artificial intelligence).
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