Fortune: Investments in the crypto industry fell by $5 billion over the year
According to the results of the study, as the crisis in the market drags on, investors are less likely to invest in the cryptocurrency industry. Global funding for the crypto industry decreased from $8.8 billion in the first quarter of 2022 to $6.2 billion in the second quarter, after which it fell to $3.4 billion in the third.
The top 3 companies/projects that received the most investments in the past year were:
- Blockchain platform Polygon - in February, the company raised $450 million through a private sale of its own MATIC token.
- YugaLabs, the company behind the collection of non-fungible Bored Ape tokens, also received $450 million - investors were a16z, Animoca Brands, The Sandbox and the collapsed FTX crypto exchange.
ConsenSys, which developed the MetaMask crypto wallet, received $450 million in March at a market value of its entire business of $7 billion.
