{"id":414661,"date":"2023-07-03T17:02:16","date_gmt":"2023-07-03T17:02:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=414661"},"modified":"2023-07-03T17:41:51","modified_gmt":"2023-07-03T17:41:51","slug":"crypto-venture-capital-investment-drops-significantly-report-reveals","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/crypto-venture-capital-investment-drops-significantly-report-reveals","title":{"rendered":"Crypto Venture Capital Investment Drops Significantly, Report Reveals"},"content":{"rendered":"

Venture capital investments in cryptocurrency startups have witnessed a significant decline of more than 70% in the past year. The industry is grappling with a changing landscape as institutional traders shift their focus from blockchain to artificial intelligence.<\/p>\n

Cryptocurrency Startups Face Steep Decline in Venture Capital Investments<\/h2>\n

Venture capital investments in cryptocurrency companies have witnessed a dramatic drop of over 70% in the past year, according to data<\/a> published by RootData, a crypto data provider. <\/span><\/p>\n

The figures reveal a significant shift in investor sentiment, with only $520 million raised across 83 projects in June this year, marking the lowest-funded month to date.<\/p>\n

\"Crypto<\/p>\n

The downward trend in venture capital interest within the digital asset space becomes evident when examining the data provided by RootData. Although there were sporadic increases in funding during certain months, the overall trajectory has been on a downward slope. <\/span><\/p>\n

For instance, September 2022 saw record-breaking funding of $1.85 billion invested in 138 rounds, while June of the same year witnessed the highest number of recipients with 149 rounds.<\/p>\n

Analyzing the recent data, it becomes apparent that the infrastructure category remains the frontrunner, receiving $213 million in funding last month across 26 projects. <\/span><\/p>\n

However, even this category experienced a nearly 50% decrease from the previous month, when 28 projects secured $410 million in funding.<\/p>\n

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Pleased to have @a16zcrypto<\/a> lead our $43M Series A and join us on the @gensynai<\/a> journey!<\/p>\n

Thanks also to @coinfund_io<\/a>, @edenblockvc<\/a>, @ZeePrimeCap<\/a>, @Maven11Capital<\/a>, @JSquare_co<\/a>, @id4vc<\/a>, Peer, @ai<\/a>, @protocollabs<\/a>, @M31Capital<\/a>, and some fantastic angelshttps:\/\/t.co\/F3QBWbX1v7<\/a><\/p>\n

— Ben Fielding (@fenbielding) June 11, 2023<\/a><\/p><\/blockquote>\n