One year after FTX imploded, here’s how cryptocurrencies are changing – Business Standard

During the heady days of 2021 and early 2022, venture capitalists were the industry s biggest cheerleaders, pouring billions of dollars into budding startups. But the collapse of FTX sparked a hasty retreat, with crypto venture funding tumbling 63% to $2 billion in the third quarter from a year earlier, according to PitchBook.