A new report from Lattice VC reveals that over 80% of crypto startups that announced seed funding rounds in 2022 are still actively building today. Amidst the tumultuous months of 2022, venture capital firms poured over $5 billion into over 1,200 teams that announced their seed funding rounds – a 2.5x increase compared to 2021. Lattice co-founder Mike Zajko says, while the influx of capital in 2022 naturally led to expectations of a higher failure rate, that wasn't the case. Among the projects during that period, Eigen Labs stands out for its proposition of re-staking, which set a narrative that many startups in Ethereum and other spaces built upon two years later. But this success doesn't represent the whole picture. Lattice states that only 1% of teams found product-market fit, while only 12% secured follow-on funding. According to Lattice data, the 2022-era startups issued significantly fewer tokens than the 2021 teams, only 15% of the 2021 figure. Zajko suggests this might be attributed to teams missing the "bull market window" and CEXs becoming "pickier" about which assets to list. (CoinDesk)