Is Web3 about to Face Peak Implosion?

A Crypto winter seems inevitable given macro economic circumstances and changes in liquidity streams for startups with limited actual revenue.

The Western media is keeping on telling us about crypto startups, high-flying deals, VC funds like Binance or a16z. But the jury is still out, won’t Web3 face an epic collapse during the next few months?

Bitcoin’s price is down 34% year to date and there’s no reason to suppose that does not continue in 2022 heading into 2023.

The reality is crypto compan…