According to analysts, the amount of venture capital investment in crypto projects has increased by at least 719% over the past year.
In 2021, there were just over 1,700 venture capital deals focused on the crypto space. As a result, promising crypto companies received about $25,1 billion in financing. Compared to 2020, it is a 719% increase year-over-year, as The Block reported.
According to PitchBook, cited by Bloomberg, the volume of venture capital investment in the crypto industry in 2021 was about $30 billion. The increased investor attention to the blockchain technology sector, according to analysts, has attracted the active development of its segments such as NFTs, DeFi, Web 3.0, DAOs and GameFi.