The second
half of 2022 brought a visible slump in venture capital investments across all significant
blockchain industry sectors, according to the newest report published by
Cointelegraph Research.
Although
the value of funding raised for the entire year was more than $5 billion higher
than in 2021, there was a significant slowdown between June and December.
Specifically, in the last three months of the year, funding came in at only
$2.3 billion and dropped to $660 million in December.
The report
categorizes the blockchain industry into five main sectors: centralized finance
(CeFi), decentralized finance (DeFi), infrastructure, Web3 and nonfungible
tokens (NFTs). In the first half of the year, funding totaled $30 billion,
almost as much as in the whole of 2021.
When it
looked like the record-breaking figure would be doubled, the crypto winter and
the collapse of more crypto-oriented businesses made VCs less keen to invest
their funds. As a result, the total amount raised in the H2 2022 was $7.23
billion, slipping more and more each month, as shown in the chart below.
Web3 Was the Most Active
Part of the Blockchain Industry
The number
of transactions in the fourth quarter fell to 182, and only five exceeded $100
million. Within this group, investments in the Web3 sector, which includes
Metaverse and GameFi, proved to be the most popular. In contrast, the least common
were investments in NFT and…
