Venture capital investments in crypto companies down by 31% in the quarter
According to analysts at PitchBook, the market’s decline has been influenced by the problems of the big players
14.07.2022 - 13:30
309
1 min
0
What’s new? The volume of venture investments in cryptocurrency companies fell by 31% in the second quarter of 2022 compared to the first quarter, from $9,85 billion to $6,76 billion. This is reported by Bloomberg, citing data from the research firm PitchBook.
What are the reasons for the decline? Experts at PitchBook believe that the decline in investment volumes was influenced by the collapse of the Terra ecosystem, the problems at cryptocurrency lender Celsius and staff cuts at the exchanges such as Coinbase, Crypto.com, and Gemini. According to analysts, these events have contributed to the uncertainty in the venture capital investment market.
Earlier, journalist Colin Wu reported that in June, investors contributed $3,67 billion to cryptocurrency and Web 3.0 projects. Compared to the previous month ($4,45 billion), the volume of investments decreased by 18%, while the number of projects that received funding dropped from 225 to 191.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024