The recent crypto selloff, which wiped out nearly $2 trillion in market value from crypto stocks since their peak last November, has raised questions about the longer-term impact on crypto-related venture capital (VC) investments in Southeast Asia.
The region is home to 627 Web3 companies and has drawn almost $1 billion in VC investments as of June 8, 2022, compared with $1.45 billion in the whole of 2021, per a report published by White Star Capital.