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Wu Shuo learned that, according to CryptoRank data, since the beginning of this year, Web3 projects have completed a total of 1,179 funding rounds. However, nearly half of these funding transactions come from strategic rounds and undisclosed rounds, while early rounds such as angel and pre-seed rounds account for a smaller share. This may indicate that investors now prefer targeted strategic investments, private placements, and ecosystem deals;
For founders, this means fewer hype bubbles, more fundamentals based on relationships, and a significant increase in the requirements for narrative, data, and roadmap alignment. H/T: @green_but_red