Web3 Projects - Facing "The Valley of Death"
The growth of Web3 projects, offerings, marketplaces, exchanges, nfts and the upcoming metaverse is releasing a tsunami of activity and applications into the market. All seem to have a similar key objective; to drive the underlying valuations of the tokens while lacking strong product fundamentals and value. Financing of such projects has been driven by the rapid adoption of the token by early adopters and investors - counting on the ever higher price of the token for ongoing