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- 7 Facts about Crypto Investing
it was so great seeing y’all at NFT.NYC
met a lot of builders so i wanted to help.
i have VC sheets with the top web3 investors.
if you want a free copy, just reply back with “Smoothie VC List” 💪
Matt
co-founder of smoothie
@withmattkim
There was $26.8B+ in blockchain funding in 2022.
Here are 7 crypto investing facts from @CBinsights:
1. Web3 startups took up 56%
of global blockchain funding
in 2022, up from 39% last year.
NFTs, gaming, and metaverse were the main drivers of growth.
2. 81% growth in funding to infrastructure & development.
It was the largest category in funding, with $7.8B raised by startups
providing scalable and interoperable solutions for blockchain networks.
EU had most funding, while US had most deals.
3. Funding in crypto exchanges and wallets saw a 48% decline.
Dollars flowed away from centralized exchanges
but towards more differentiated verticals like Web3 and blockchain infrastructure.
4. Institutional crypto and custody also saw a 23% drop in funding
Institutional demand for crypto decreased amid market volatility.
Top equity deals go to @ambergroup_io, @CopperHQ, and @KeyrockTrading.
5. 47% yearly growth in funding to Asia-based companies.
Four of the 8 global $100M+ mega-rounds in Q4’22 went to Asia-based companies: @ambergroup_io, @FenixFireGames, @Mineplex, and @orfinex.
6. In Q4 of 2022, only 2 unicorns were born.
@Uniswap and @CelestiaOrg
79 Unicorns in 2022 in total.
7. 24% Drop in average deal size in 2022.
The average blockchain deal size fell from $21.2M in 2021 to $16.2M in 2022.
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