Investors Prefer Blockchain In The Third Quarter - Coinleaks
Current Date:September 22, 2024

Investors Prefer Blockchain In The Third Quarter

While venture capital investments are generally declining in the global economy, many investment and management companies blockchainflocked to his side.

Troubled processes in the global economy in recent years have also affected capital investors. of the USA The anti-inflation interest rate move set a barrier in front of risk investments. In this situation, where the crypto industry was also affected, the bear market intensified its effect. However, venture capital investments have recently blockchan started to slide to the side. With the influence of the crypto bear market, investors are keen to get involved at an early stage. Prominent investment areas, Web3and DeFi it happened. The drop in overall crypto market cap to $800 billion has particularly attracted capital investment groups. PitchbookAccording to analysts, venture capital investors flocked to the blockchain sector in the third quarter.

Increase in Blockchain Investors Observed

Your Pitchbook Emerging TechAccording to the report, venture capital investments made in the third quarter 153by agreement 4.7 reached billions of dollars. This report last quarter, 244by agreement 6.9 billion dollars. Analysts, percent 32’s attributed its quarterly drop to FTX. However, interest in venture capital investments has not waned despite this massive collapse in the industry.

Pitchbookin the crypto industry FTX He stated that despite the events, venture capitalists did not hesitate. According to the analysis, in the third quarter, Web3industry 24by agreement 879withdrew millions of dollars.

The company that prepared the report 5997 broke the deal. Among these deals, the best 15 risksbased on the shareholder 153reviewed early-stage deals.