According to reports, crypto startups raised $883 million in February, signaling a potential shift in venture capital funding strategies. The report suggests the end of the "spray-and-pray era," indicating a more selective approach by VC firms in the crypto space. This development highlights the evolving investment landscape within the Web3 and blockchain sectors, as companies continue to seek funding for innovative projects and technologies. The change may reflect a broader trend of increased due diligence and a focus on sustainable business models within the industry.

According to reports, crypto startups raised $883 million in February, signaling a potential shift in venture capital funding strategies. The report suggests the end of the "spray-and-pray era," indicating a more selective approach by VC firms in the crypto space. This development highlights the evolving investment landscape within the Web3 and blockchain sectors, as companies continue to seek funding for innovative projects and technologies. The change may reflect a broader trend of increased due diligence and a focus on sustainable business models within the industry.