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The venture capital investment in cryptocurrency increased from 1.9 billion US dollars in the fourth quarter of last year to 2.5 billion US dollars in the first quarter of this year

The venture capital investment in cryptocurrency increased from 1.9 billion US dollars in the fourth quarter of last year to 2.5 billion US dollars in the first quarter of this year

Bitget2024/06/16 01:16
DEGEN-2.32%

Data from The Block Research shows that since 2017, Coinbase Ventures has topped the list with 443 investments, accounting for about 4% of all transactions since 2017. Animoca Brands Corp. and Outlier Ventures Ltd. ranked second and third respectively. PitchBook data shows that crypto venture capital increased from a recent low of $1.9 billion in the fourth quarter of 2023 to $2.5 billion in the first quarter of this year. With this increase, valuations for start-ups like Farcaster, Berachain and Hidden Road Partners have returned to an impressive level of $1 billion.

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.
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