Data: Changes in Web3 funding structure, increased proportion of strategic rounds, decrease in early rounds

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