Building a Web3 Community in Bear Market

In the context of cryptocurrency, a bear market refers to a prolonged period marked by a declining market and dropping prices of digital assets, leading to a downward curve.

Since investors are worried about their investments in crypto projects, the bear market slows down the economy. Since the bear market allows you to create a strong team, you get access to better talent who are ready to get on board at reasonable costs. This is very fruitful in distinguishing your long-term visionary individuals from short-term enthusiastic ones.

As per the data by Dove Metrics, around 438 Web 3.0 companies have raised funding of nearly $4.5 billion so far.