VC Money Continues to Flow into Crypto: Firms Received More Funding Last Quarter than Entirety of 2020 

2021-4-4 12:58

Without a doubt, the mainstream resurgence of cryptos have spurred on new movements within the industry, ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs).

These red-hot sub-industries within the broader crypto scene have resulted in hundreds if not thousands of new startups — and venture capitalists are pouring money into them like never before. 

Crypto firms got more funding last quarter than in all of 2020. Startups raised $2.6 billion, according to CB Insights.https://t.co/xDVKSxmFo2 pic.twitter.com/ZDMjx7y5cx

— unfolded. (@cryptounfolded) April 2, 2021

According to a report from CB Insights, venture capital funds invested $2.6 billion in over 129 crypto-based startups in the first quarter of 2021. This accounts for more than all of 2020, which saw $2.3 billion in investments across 341 deals. The increase was primarily fueled by Bitcoin surging to new highs, bringing in more corporate buyers and retail investors. 

As institutional investors looked to take advantage of the growing demand for Bitcoin investment solutions, crypto financial services firm NYDIG raised $100 million through Morgan Stanley and Soros Fund.

With the digital art market rising to the spotlight, NBA Top Shot creator Dapper Labs and NFT marketplace OpenSea were able to raise $305 million and $35 million in funding, respectively. 

Will the Crypto Industry’s Recent Boon Continue?

Cryptos have had a blazing start to the year, but it’s uncertain whether the industry’s rapid growth can be sustained. Since March, things have begun to settle down a little. Institutional demand, for one, dropped significantly following the crypto market’s recent volatility, according to a report from CoinShares. The digital asset investment firm saw institutional inflow into Bitcoin products in particular drop nearly 60% in late March. 

The NFT space has been winding down since its speculation-filled mania back in February. According to NonFungible, the average daily value of NFTs sold across marketplaces dropped 85% between March 25th and April 1st. As for Dapper Lab’s NBA Top Shot, its total value of NFTs in circulation plummeted by 50% as secondary market demand weakened.

These worrying signs will spook some venture capital funds, which may lead to a slowdown in investments across the crypto space. 

Featured image from UnSplash

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

new within crypto money resulted hundreds scene

Источник: bitcoinist.com

new within → Результатов: 126


Фото:

Cardano (ADA) intensifies efforts against scams with launch of new task force

Cardano (ADA) has rolled out a task force to fight fraudulent activities and scams. The launch is coming after a recent report of an increased spate of fraud within the crypto industry. Cardano founder Charles Hoskinson said he has been frustrated by the high levels of scams within the industry and thinks his company can […] The post Cardano (ADA) intensifies efforts against scams with launch of new task force appeared first on Invezz.

2021-3-31 12:11


Фото:

Major Norwegian Oil Company to Fund Bitcoin and Blockchain Technology Projects

Aker’s recent press release states that it has started a company committed to investing in blockchain technology products. Aker Dives Further into Crypto According to the press release, the new company dubbed Seetee AS will have all its investment tools in BTC and fund projects and companies within the Bitcoin ecosystem.  The CEO of AkerRead More

2021-3-9 18:00


Bitcoin Sets New Highs as All Eyes Watch Reaction to $50,000 Resistance

Bitcoin set fresh all-time highs today, with bulls taking full control of the cryptocurrency’s price action as they set their sights on $50,000 Where the crypto trends in the near-term should depend largely on whether or not bulls will be able to maintain their current momentum Any firm rejection could result in another drawdown, signaling that the resistance within the upper-$40,000 region is insurmountable for the time being One trader explained in a recent tweet […]

2021-2-11 21:00


Фото:

Asset Manager Stone Ridge’s NYDIG Sees Wall of Money Coming Into Bitcoin — Institutions Grow Beyond Owning BTC

The founder of Stone Ridge Asset Management and the New York Digital Investment Group (NYDIG) sees a “wall of money” coming into bitcoin based on his firm’s order book. The executive believes that institutions are just getting started and we will see an explosion of bitcoin-focused traditional financial products within a year. NYDIG Bullish on […]

2021-2-9 05:30


Фото:

Bitcoin Sets New All-Time High on Heels of OTC Buying Frenzy

Bitcoin and the aggregated cryptocurrency market are caught within another leg higher, with bulls staying in full control of the market This uptrend comes shortly after an intense selloff seen yesterday evening, which came as a result of incredibly high funding rates on margin trading platforms The move lower reset these funding rates and cleared out “late longs” – which laid the groundwork for a move higher One analyst explained in a recent tweet that […]

2021-1-9 22:35


Фото:

It’s the Moment of Truth for Ethereum as Analyst Eyes Move to New Highs

Ethereum has been rocketing higher throughout the past few days, with its latest round of upside kicking off after the sudden rally from the mid-$700 region to over $1,000 The crypto has now established a solid foothold within the $1,000 region, and bulls confirmed this level as support yesterday This is indicative of its present strength, and its ability to climb today while Bitcoin consolidates has given its BTC pair some strength Where the entire […]

2021-1-7 01:00


Coinbase Whales Keep Buying Bitcoin as Price Rockets to New All-Time Highs

Bitcoin is in the process of consolidating after the cryptocurrency saw a push to all-time highs last night, which led it as high as $36,000 This movement came about suddenly and was quite surprising, but it didn’t last for long The rejection at these highs was not too grave, as BTC has been able to find some strong support within the lower-$34,000 region ever since There’s a strong possibility that it will consolidate here, as […]

2021-1-7 21:00


Фото:

Best Performing DeFi Tokens in 2020

Many of today’s DeFi-related coins did not exist at the beginning of the year as the scene has resembled a microcosmic explosion of new protocols and tokens all within a six-month period. Many of those tokens have resembled the pump and dump patterns that 2017’s altcoins went through, but some have performed solidly, and this … Continued The post Best Performing DeFi Tokens in 2020 appeared first on BeInCrypto.

2020-12-25 16:46


Фото:

The DeFi Yield Protocol (DYP) Looks Poised to take DeFi to Next Level

Within the rapidly budding cryptocurrency industry, 2020 has undoubtedly been the year of decentralized finance (DeFi) and the DeFi Yield Protocol is committed to take DeFi new heights.  What Is the DeFi Yield Protocol? The DeFi Yield Protocol (DYP) is developing a cutting-edge unique platform that enables anyone to provide liquidity and be rewarded forRead More

2020-12-24 13:43


Yearn Ecosystem Token Index (YETI) Launched For Diversified DeFi Portfolios

A new index token has been launched for the Yearn Finance ecosystem, enabling investors to get broad exposure to all assets on the protocol under one index. The Yearn Ecosystem Token Index, or YETI, has been unveiled by meta-governance protocol PowerPool as a way to diversify a portfolio with a number of tokens within the … Continued The post Yearn Ecosystem Token Index (YETI) Launched For Diversified DeFi Portfolios appeared first on BeInCrypto.

2020-12-10 09:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Blockchain games secured nearly $990m in April alone, a new record

The blockchain gaming sector witnessed an unprecedented influx of investment capital in April, securing $988 million in funding. Although the first quarter of 2024 saw a cautious approach with a total of $288 million raised among blockchain gaming startups, the…