2021 turned out to be the most productive year for funds investing in the blockchain industry. The volume of investments in the crypto sphere has already reached almost $ 30 billion, which is about four times more than in 2018 after the first famous Bitcoin run.
Blockchain Capital LLC CEO Spencer Bogart emphasized that in addition to conventional cryptocurrencies, the blockchain industry includes the NFT ecosystem, decentralized social networks, and gaming platforms.
Coinbase Ventures, Digital Currency Group, and Polychain Capital fund the creation of token-focused apps and products. Of the $ 30 billion, companies such as Robinhood Markets Inc. and Revolut Ltd. have received a large share of the capital. They develop services directly related to the crypto market.
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American venture capital has invested more than $ 7.2 billion in the industry, which is four times the amount invested by hedge funds compared to 2018, the researchers said.
For example, FTX and the Digital Investment Group have raised $ 1 billion each during this year alone.