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115+ Crypto Projects Failed in 2023’s Crypto Winter: Analyst Insights

Published 12/31/2023, 05:00 PM
Updated 12/31/2023, 05:15 PM
115+ Crypto Projects Failed in 2023’s Crypto Winter: Analyst Insights

  • RootData shares the list of around 115 crypto projects that failed in 2023.

  • The list includes the projects like Prime Trust, Yield Protocol, Wyre, Multichain, and Clockwork.

  • The cumulative financing amount of these projects has reached around $940 million.

RootData, a visual and structured crypto projects data provider, recently released a post unearthing the “dead” blockchain projects in 2023. The post, under the title “2023 Crypto Dead Projects List”, shared insights on the increasing number of crypto firms or projects that succumbs to failure.

Notably, the list includes more than 150 crypto projects that announced closure, entered bankruptcy or had websites that had been inactive for a long time. The major names included in the list are Prime Trust, Yield Protocol, Wyre, Multichain, and Clockwork. The report stated that the cumulative financing amount of these projects has reached around $940 million.

The blockchain-based payment platform Wyre shut down amidst the intensifying crypto winter in June 2023. Previously, in January, the employees of the platform were informed about the potential closure of the company as a result of Bolt Financial’…

The post 115+ Crypto Projects Failed in 2023’s Crypto Winter: Analyst Insights appeared first on Coin Edition.

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