💀 Chainplay x Strorible Report

Over 1,181 crypto projects funded (2023–2024):

🚫 45% have shut down

💸 77% earn < $1K/month

📉 Failure linked to low funding

📊 Key insights:

Polychain Capital: 44% dead, 76% no revenue

Yzi Labs (ex-Binance Labs): 72% failure rate

Balaji Srinivasan: 57% of backed projects = zombies

Projects with < $5M raised: 33% failed, 20% closed

🧠 Lesson:

Top VCs ≠ Success

💰 Funding scale = survival odds

👀 Ask not who funded it, ask who uses it