I am still regularly contacted by recruiters trying to peddle Web3/NFT startup jobs - how are these companies still existing and how are they making money?
IMO, some investors are just slower in recognizing a scam. I know a few Web3 people that are still raising funds - it might be harder, but still happening. Some investors know very little about technology and are buying into the big promises of this new (now old) religion.
To make it clear, this doesn't mean that these companies are actually _making_ money.