After the scandalous events in the crypto industry last year, venture capital (VC) flowing into blockchain and crypto has been on the decline.
The last quarter VC of 2022 has dropped drastically, following the chain of bad news about the crypto industry in 2022. It has been observed that there has been a serious decrease in the data of blockchain and venture capital flowing to crypto, after the news of the bankruptcy of many crypto exchanges, illegal events related to crypto and the FTX scandal last year.
A Big Decline Has Been Observed In The Disclosed Data About Crypto!
In the past year, there have been many situations that have negatively affected the crypto industry. In line with the events experienced, the sector was adversely affected in almost every sense. In the light of the ongoing negativities, many negative data results of the sector have been announced.
According to a report by Blockdata, VC financing was on the rise with the impact of new technologies in 2021, but the negatives experienced in the past year negatively affected the majority of crypto data. In the light of the reports announced in the last quarter of 2022, it was reported that there were large decreases in VC financing.
In addition, analyzing the data published by CB Insights, Blockdata added that VC’s last quarter of 2022 showed a 34 percent decrease compared to the third quarter of 2022. The decline on the VC side continued from the beginning of 2022 until the end of the year.
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