Penetration of the crypto space has decreased; venture capital firms' investment shrunk nearly 25% from a record $12.5 billion invested in the first half of last year to about $9.3 billion in the first six months of this year.
Investment data remained solid in the second quarter. More than $4.2 billion flowed into venture-backed crypto startups, up slightly from last year's period.
Although a decrease of about $1 billion from the previous quarter and well below the record high of $6.1 billion set in the fourth quarter of last year, it is still a good result in the winter of the cryptocurrency market.
The first quarter included 6 rounds of $400 million or more. Glassnode co-founders under the pseudonym Negentropic explained:
“$17bn VC crypto investments and +1k deals in 2022. This year ha seen the highest median deal size at $4.5mn. Capital is flowing into BTC and altcoins, setting up for a strong recovery.”
After Bitcoin had topped 1,300% gains in 2018, VC money nearly quadrupled to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...