According to The Block Research, the record total investment in cryptocurrencies and blockchain-related companies exceeded $90 billion.
More than 50 deals have taken place so far this month, bringing project funding to the $90 billion mark, according to data from Block Research, which has tracked capital inflows into the relatively new sector since 2017. I broke through.
“Looking at the current state of venture funding in the blockchain space, it is clear that while we are not seeing a significant increase in funding amounts, there are encouraging signs,” said John D'Antoni, Director of Block Research.
Block Research divides new funding announcements into distinct categories: Web3, Infrastructure, DeFi, NFT/Gaming, Crypto Financial Services, Trading & Brokerage, Data & Analytics, and finally Enterprise. More than 230 transactions have been reported since the beginning of the year, with a total value of about $1.3 billion, according to data from Block Research.
So far in 2024, the majority of funds have been allocated to DeFi, infrastructure, NFT/gaming, and Web3 projects. Venture capitalists and investors participating in the funding round include Animoca Brands, Polychain Capital, Framework Ventures, and Shima Capital. In one of his high-profile investments this month, Tether joined her Solana co-founder Anatoly Yakovenko in his $25 million Series A investment in cryptocurrency mobile payments company Oobit .
“The increase in deal activity in recent months has been particularly noticeable in pre-seed/seed investments and the risk-on behavior exhibited by Asian venture capital, and coupled with the growing interest in DeFi and DePIN, investors are becoming more excited about future possibilities. “It shows that they are strategically positioning themselves against the market. It's the beginning of a new digital asset cycle,” D'Antoni said.
Total investment in virtual currency and blockchain-related companies. Image: Block Research.
The number of transactions is stable but the amount is low
According to the data, most of Oobit's non-trade funding announcements involved capital injections of less than $10 million. The number of new deals concluded each month has remained relatively stable in recent months, even though the dollar amount is significantly below investment levels in 2021 and 2022.
More than 9,500 investments have been announced in the industry since 2017, according to data from The Block Research.
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