Crypto Investments Stumble: Half of Venture-Backed Altcoin Projects Close

A recent study analyzing almost two years of data reveals a concerning trend within venture capital investments in altcoin projects between 2023 and 2024. Almost half of the 1,181 projects backed by venture capital have failed to operate. Despite support from prominent funds like Polychain Capital and others, over 75% of these ventures failed to generate even a thousand dollars in monthly revenue, highlighting major challenges in achieving sustained success.