The New York Digital Investments Group (NYDIG) has released its Global Startup Ecosystem Report 2021, which states that startups are increasingly choosing the blockchain industry.
In the report, NYDIG analysts emphasize that in recent years, the number of technology startups has grown significantly, as well as the volume of investments in them. The study used data from interviews with executives at more than 10,000 tech startups around the world.
Researchers divided startups according to the degree of technology development: growing, developed, and outgoing. The blockchain industry, as you might guess, fell into the first category along with artificial intelligence, big data and robotics. At the same time, blockchain has become the second fastest growing area in the category. But the number of blockchain startups closing has also increased.
Blockchain startups have become popular among investment and venture capital firms as well. Silicon Valley remains the leader – companies from there are willing to invest in startups in the field of distributed ledger technology. However, the increased pressure on the cryptocurrency industry in recent years could slow down the inflow of investments.
Earlier it was reported that venture capital investments in the cryptocurrency industry in the first six months of 2021 were twice as high as in all previous years. The volume of investments amounted to $ 17 billion.
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