📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
45% of VC-supported encryption projects have ceased operations, with nearly 80% earning less than $1,000 per month.
Gate News bot message, a new study conducted jointly by Chainplay and Strorible shows that nearly half (45%) of the crypto assets projects supported by venture capital (VC) have ceased operations, with 77% of these projects having a monthly revenue of less than 1,000 dollars.
The study investigated 1,181 projects that received funding from January 1, 2023, to December 31, 2024, and also found that the venture capital firm Polychain Capital had the highest investment failure rate, with 44% of its projects having failed.
The research report indicates that these findings challenge the notion that "venture capital support guarantees project success" and refute the viewpoint that "cryptocurrency projects supported by top venture capital perform better than those supported by second and third tier venture capital." To illustrate this, the research found that among promising projects supported by top venture capital, 37.45% failed, 34.56% are dead, and more than one third (33.41%) of the projects have a monthly income of less than $1,000.
Apart from Polychain Capital, a significant portion of projects supported by other top VCs have also ceased operations, including Circle (38%), Delphi Ventures (33%), Consensys (30%), and a16z (24%).
Source: Bitcoin.com