Breaking All Records: VC Funds Injected USD 30B In Crypto This Year
Venture capital (VC) funds invested some USD 30bn into crypto this year, exceeding almost fourfold the amount recorded in the previous record year of 2018, and injecting more funds into the industry than in all the previous years combined, according to data from financial data and software company PitchBook.
The funds’ crypto-related investments included a USD 1bn funding round by crypto derivatives exchange FTX last July, Custodian New York Digital Investment Group’s USD 1bn funding round in mid-December, a USD 725m fundraising round by blockchain integration tool specialist Forte last November, and a USD 350m funding round by non-fungible token (NFT) platform Dapper Labs last March.
“We’ve moved beyond just digital gold. We’ve got financial
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