Crypto Funding Drops From $8B To $1.4B In 2022
2022 was a step backward for the crypto currency industry. Multiple firms collapsed and the overall trust declined in the ecosystem As a result, the funds flowing into the assets also registered a significant decline. A recent report from Messari emphasized that crypto funding took a “massive hit” in 2022. The analytics platform noted that the capital inflows shrunk from $8 billion to $1.4 billion last year. In 2022, a total of 112 funding rounds happened, noting an outright dip from 2021’s 287. Data suggests that over the past 30 days, funds have flown into CeFi-related projects. This sector registered an increase in funding by 323% in the timeframe. On the contrary, there was not much interest noted with respect to DeFi, Web3, and NFT projects. On the 180-day period, DeFi’s wounds were the deepest, for capital invested into the space noted a free fall of 91.6%. Crypto funding took a massive hit in 22' dropping to $1.4B across 112 rounds, compar...