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Why are there so many Web3 startups?

In Q3, the sector that received the largest amount of VC dollars according to the ETI report was Web3 with nearly $900 million. That’s more than fintech, biotech, security, ecommerce, gaming, and dozens of other mainstream industries.
Why are there so many Web3 startups?

Why Are There So Many Web3 Startups?

In fact, Web3 has led the ETI rankings for 5 consecutive quarters now.
Why Are There So Many Web3 Startups?