Polygon Ventures: Web3 financing may have bottomed out and will attract more investment in 2024

Abhishek Saxena, CEO of Polygon Ventures, said: "Web3 financing may have bottomed out." This means that the new year will attract more investment. "One positive indicator is that even in the bear market, we are seeing resilient developer activity, which highlights that infrastructure construction continues," Saxena said. Saxena said he expects investment and financing to pick up in consumer-facing use cases, including social, financial services and entertainment, and that new leaders may emerge in these areas. The tokenization vertical is also expected to attract more institutional investment in the coming year, he said. Saxena said: "So while 2023 is about building behind the scenes, I am optimistic that Web3 innovation and adoption will accelerate again in 2024." (The Block)