Investment into the web3 trend is showing no sign of improving, with Q3 2022 falling nearly 50% in three months, to reach just $3.3 billion. Challenging macroeconomic conditions are depressing funding rounds across the board, but it appears that venture capitalists are burned out on web3 pitches. Generally, when there is uncertainty in the market, such investors prefer companies that have clear exit strategies – assets that can be sold off if the going gets tough. For web3, such paths are extremely limited, as the ecosystem is still developing, and no one is quite sure how to evaluate such assets. It is worth remembering that most VC investments are bets – punts taken on a company that you spend time…