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 <p class="is-style-lead">Top blockchain <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> express optimism for web3’s future at the European Blockchain Convention despite challenges from the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> bear market and industry shakeups.</p>
 <p>The panel titled “What are investors looking for in web3?” included Victoria Gago, co-founder of the European Blockchain Convention; Kavita Gupta, Founding Managing Partner of Delta Blockchain Fund; Alex Strzesniewski, Founder of AngelBlock; and Tim Grant, CEO of Deus X Capital.</p>
 <p>The investors acknowledged the difficulties facing the crypto industry after major players like FTX collapsed but emphasized that experienced investors were still actively deploying capital into promising web3 startups.</p>
 <p>According to Gupta, while many funds pivoted to artificial intelligence in 2022, blockchain-focused funds like hers continued to back crypto projects. She highlighted strong developer talent still building in the space as a key reason for her bullishness.</p>
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 <p>The panelists agreed macroeconomic factors like rising interest rates were the key drivers of the latest bear market, unlike previous <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> downturns mainly due to industry-specific issues. They believe this shakeout has removed unsophisticated participants, setting the stage for the next wave of institutional adoption.</p>
 <p>When discussing the metrics used to evaluate projects, the investors said they are asking harder questions around product-market fit and actual revenue generation compared to the speculative frenzy of 2021. Transparency around treasury management was cited as a key concern.</p>
 <p>Regarding hot sectors for 2024, the panelists pointed to infrastructure like data analytics, security, and integration tools needed for institutional participation. Areas like zero-knowledge cryptography, layer-2 scaling solutions, and decentralized finance were also mentioned as potential breakout sectors.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> emphasized the importance of in-person events and finding aligned founder-investor values in the current environment. Despite short-term market challenges, they <a rel="noopener noreferrer nofollow" title="remain" href="https://thebittimes.com/tag/remain.html">remain</a> committed to supporting the next generation of companies pushing the possibilities of web3 technology.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-investors-remain-bullish-on-web3-despite-crypto-winter-tbt67907.html">https://thebittimes.com/top-investors-remain-bullish-on-web3-despite-crypto-winter-tbt67907.html</a></p>

Top investors remain bullish on web3 despite crypto winter

TheBitTimes

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