Web3 has been falsified. When VC wakes up from a dream, is there still hair? What about a bunch of devices? Data: Nearly 45% of VC supported encryption projects have ceased operations According to BlockBeats, on June 4th, according to research data from http://(Bitcoin. com), nearly 45% of VC supported cryptocurrency projects have ceased operations, and 77% of projects generate less than $1000 in monthly revenue. The study covers 1181 projects that received funding support between January 1, 2023 and December 31, 2024. The report points out that Polychain Capital has the highest failure rate among top venture capital firms, with 44% of its projects terminated and over three-quarters (76%) of projects failing to generate significant revenue. Other top venture capital firms such as Yzi Labs (72%), Circle (38%), Delphi Ventures (33%), and Consensus (30%) also face a high proportion of project failures. Research has found that the amount of financing has a significant impact on the success rate of projects. Projects with financing exceeding $50 million have a lower failure rate, while projects with financing less than $5 million have over 33% ultimately failing or ceasing operations.