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4 years is too long period for many startups. Many crypto-startups will not survive for such big period of time and may become bankrupt.
For doing business in the cryptoindustry, they need competent financial management. Of course, for many this was news. Now these devs, having received the funds, quickly lost them, having done nothing. We hope that the next generation of startups in crypto will be more advanced.
Of course, those funds raised in the dollar amount became much smaller, but the number of cryptocurrencies remained premature. If you develop a project and pay all your costs with a cryptocurrency, then implementation is still possible.