According to The Block, there have been 1,700 venture deals in the cryptocurrency industry this year. The amount of funds received from investors exceeded $ 25 billion.
The 2022 Digital Asset Outlook Report reports that the number of transactions increased by 126% over the year, while the total amount of investments received by cryptocurrency companies increased by 719% at once. This allowed the capitalization of a large number of blockchain firms to exceed $ 1 billion.
Startups with a capitalization of over $ 1 billion are called “unicorns” and, according to analysts, 65 companies received this status in 2021. Recently, the American company NYDIG raised $ 1 billion from venture capitalists, and its capitalization reached $ 7 billion. The FTX cryptocurrency exchange also held several rounds of funding.
Most of the rounds fell on the early stages of company development – 968 pieces. The total volume of transactions amounted to $ 2.9 billion. The more developed the company, the larger the average volume of financing. If in the early stages cryptocurrency firms, on average, receive $ 3.6 million, then in the final rounds the average amount of funding is already $ 176.4 million.
Analysts also noted that venture capitalists are beginning to actively invest in decentralized finance projects. The trend started in 2020 and will continue this year. About a quarter (428) of the funding rounds were conducted by DeFi companies. They also often invested in NFT and GameFi projects – 406 transactions.
Solana Ventures recently announced the creation of a new $ 150 million fund. The funds will be invested in gaming projects based on the Solana blockchain.
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