PROJECTS

Summary from the TLDR Crypto newsletter

Lattice Fund conducted an analysis of 780 seed stage crypto projects from the 2021 vintage to see where they are now as a group. The report reveals that about 70% of the projects have shipped a product to mainnet or equivalent, while 20% have closed or halted development, and only around 5% have found Product Market Fit. Ethereum continues to dominate among L1s, with companies on Ethereum showing some of the best levels of traction. However, companies that have gone multichain have had the most success raising follow-on rounds and finding Product Market Fit.