Crypto projects have received over $90 billion in all-time funding
Quick Take The total, all-time dollar amount invested into crypto and blockchain-related companies exceeded $90 billion this month, according to The Block Research, which has been tracking funding data for startups in the industry since 2017. Animoca Brands and Polychain Capital were among the investors and venture capitalists injecting capital into more than 50 new projects in February.
The all-time, total dollar amount invested in crypto and blockchain-related companies has surpassed $90 billion, according to The Block Research.
More than 50 deals so far this month helped power funding for projects pass the $90-billion mark, also according to The Block Research data , which has been tracking capital flows into the relatively new sector since 2017.
"When observing the current state of venture funding in the blockchain sector, it’s evident that while we haven’t seen a substantial uptick in funding figures, there are encouraging signs," said The Block Research Director John Dantoni.
The Block Research separates new funding announcements into distinct categories: web3, infrastructure, DeFi, NFTs/gaming, crypto financial services, trading and brokerage, data and analytics, and finally, enterprise. Since the start of the year, more than 230 deals have been reported thus far for a total dollar amount of nearly $1.3 billion, according to The Block Research data.
So far for 2024, the vast majority of funding has been allocated to DeFi, infrastructure, NFTs/gaming and web3 projects. Venture capitalists and investors participating in funding rounds have included Animoca Brands, Polychain Capital, Framework Ventures and Shima Capital. In one of this month's higher-profile investments, Tether, along with Solana co-founder Anatoly Yakovenko, participated in a $25-million Series A investment in the crypto mobile payment firm Oobit.
"Increased deal activity in recent months, particularly noticeable in Pre-Seed/Seed investments and the risk-on behavior exhibited by Asian VCs, coupled with the growing interest in DeFi DePIN, paints a picture of investors strategically positioning themselves for what could be the onset of a new digital asset cycle," Dantoni also said.
Total investment into crypto and blockchain-related companies. Image: The Block Research.
Stable number of deals but lower dollar amounts
Outside the Oobit deal, most funding announcements have been for capital injections below $10 million, according the data. The number of new deals struck each month has remained relatively stable for several months despite dollar amounts falling considerably short of the investment levels seen in 2021 and 2022.
Since 2017, more than 9,500 investments into the industry have been announced, according to The Block Research data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"Validator's Pendle" Pye raises $5 million, enabling SOL staking yields to be tokenized
There are truly no creative bottlenecks in the financialization of Web3.
DiDi has become a digital banking giant in Latin America
DiDi has successfully transformed into a digital banking giant in Latin America by addressing the lack of local financial infrastructure, building an independent payment and credit system, and achieving a leap from a ride-hailing platform to a financial powerhouse. Summary generated by Mars AI. This summary was produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Fed rate cuts in conflict, but Bitcoin's "fragile zone" keeps BTC below $100,000
The Federal Reserve cut interest rates by 25 basis points, but the market interpreted the move as hawkish. Bitcoin is constrained by a structurally fragile range, making it difficult for the price to break through $100,000. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
Full text of the Federal Reserve decision: 25 basis point rate cut, purchase of $4 billion in Treasury bills within 30 days
The Federal Reserve cut interest rates by 25 basis points with a 9-3 vote. Two members supported keeping rates unchanged, while one supported a 50 basis point cut. In addition, the Federal Reserve has restarted bond purchases and will buy $40 billion in Treasury bills within 30 days to maintain adequate reserve supply.
Trending news
MoreCrypto prices
More
