Fred Wilson, the co-founder of Union Ventures Fund, showed faith in the potential for Ethereum [ETH] to grow over this year. In a statement on 3 January, Fred predicted that even though a lot of web3 projects would fail in 2023, Ethereum would still show growth.

He also predicts that the large caps in web3 (BTC and ETH mainly) will start to attract more interest from investors and should do well in 2023. He is more bullish on ETH personally because it has the best underlying economic model of any web3 asset.