The crypto space has been facing waves of uncertainty in recent months betweenDespite the state of the industry investors are still backing new ventures in the space. Data shows that in 2022 alone, European DeFiCointelegraph spoke with Martin El-Khouri, a senior director at Bertelsmann Investments, during the Proof of Talk blockchain conference about why major investment firms still see Web3 as a way forward.
“Now that the hype is gone, investors can see where the actual value is being accrued, which projects are just artificially inflated and which ones are built and based on a solid foundational framework.” “The more regulatory clarity we get,” he said, “the easier it becomes to evaluate different types of businesses.”He also pointed out the shift of interest towards generative AI and AI startups. According to data from Marketsandmarkets, the AI market is projected to hit $407 billion by 2027, compared to its $86.9 billion revenue in 2022.
Despite the state of the industry, investors are still backing new ventures in the space. Data shows that in 2022 alone, European decentralized finance startups experienced increased venture capital (VC) funding of almost 120%.
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