The crypto winter might or might not thaw, however not everybody goes into the brand new yr with out hope: A majority of founders are optimistic about the alternatives for crypto startups in 2024, per a brand new survey shared solely with Ztoog+.
The CoinFund Founder Forecast survey gathered responses from 30 of CoinFund’s web3 portfolio firms throughout the pre-seed, seed and Series A levels. The survey ran from November 7 to November 17, when cryptocurrencies like Bitcoin and Ethereum had been beginning to present indicators of value restoration.
While some crypto startups could also be going out of enterprise, Alex Felix, managing associate and chief funding officer at CoinFund, mentioned these 30 firms have adequate runway and are pondering about the brand new yr. “The one thing that was so different about this bear market is the resolve to keep going and not let price action or media cloud the vision,” Felix mentioned. Numerous the problems we noticed throughout this crypto downturn had been the results of human errors or poor governance, which “reignited the spirit to build,” he added.
According to the survey, the highest areas primed for development within the coming yr embrace AI built-in with web3, zero-knowledge expertise, decentralized finance, client apps, gaming, layer-2 blockchains and crypto wallets.