45% of VC-backed crypto projects have failed, study shows

A study by Chainplay and Storible found that 45% of venture capital (VC)-backed crypto projects shut down, and 77% earn under $1,000 monthly, according to Bitcoin.com. Even top firms like Polychain Capital and Yzi Labs saw most of their investments underperform or collapse. Larger funding—above $50 million—correlated with higher survival rates, while projects raising under $5 million faced high failure risk.