Latest Y Combinator batch focuses on web3 infrastructure amid bear market

📆 9/12/2022 4:01 PM
📰 TheBlock__

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Y Combinator, which previously backed OpenSea and Coinbase, has the highest number of crypto startups ever in its latest cohort.

Startup accelerator Y Combinator, which counts crypto stalwarts OpenSea and Coinbase in previous batches, has the highest number of crypto startups ever in its current winter batch.

The companies that presented during last week’s Demo Day heavily focus on providing crypto infrastructure services, widely seen as a safer option amid the bear market. This comes after YC-backed startups Stablegains and Blocknom in its last cohort — which offered high yields on DeFi — collapsed amid bear market conditions.

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'We do not think the bear market is over': Goldman, Morgan Stanley expect stocks to hit new lows'We do not think the bear market is over.' I.E. we are short as fuck and we need to unload before they expire Why would it be over so quickly? Very silly. Good 👍 keep them low
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