TechFlow News, according to the "2023 Web3 Industry Development Research Report and Annual Ranking" released by RootData, the total financing amount in the Web3 industry in 2023 was $9.13 billion, a decrease of 68.8% compared to 2022. The number of financing events was 1,174, down 35.9% from 2022.
The top ten projects with the highest financing amounts were Phoenix Group, Ramp, Wormhole, Swan, LINE NEXT, Blockstream, LayerZero, Worldcoin, Arkon Energy, and Blockchain.com, each raising over $100 million.
The top ten venture capital firms with the most investments were HashKey Capital, DWF Labs, Big Brain Holdings, Coinbase Ventures, Polygon Ventures, a16z Crypto, Animoca Brands, Binance Labs, Shima Capital, and NGC Ventures, each participating in 29 or more deals.
