đ Chainplay x Strorible Report
Over 1,181 crypto projects funded (2023â2024):
đŤ 45% have shut down
đ¸ 77% earn < $1K/month
đ Failure linked to low funding
đ 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
đ§ Lesson:
Top VCs â Success
đ° Funding scale = survival odds
đ Ask not who funded it, ask who uses it