Crypto Infrastructure Overtakes NFT and Gaming as Preferred Venture Capital Destination
According to data from The Block Research, venture capital investment in crypto infrastructure has surpassed NFT and gaming as the most popular sector in the blockchain space. This marks a shift from the previous 23-month streak where NFT and gaming attracted the most VC deals. The ongoing bear market conditions have led investors to focus on foundational companies and projects in the crypto infrastructure space.
Key points:
– Venture capital investment in crypto infrastructure has overtaken NFT and gaming in the blockchain space.
– The previous 23-month streak of NFT and gaming dominance came to an end last month.
– Investors are shifting their focus to foundational companies and projects in the crypto infrastructure space due to the bear market conditions.
– Despite the overall decrease in funding, the interest in crypto infrastructure has remained resilient.
– Prominent deals in June include Mythical Game’s $37 million Series C1 raise and the $10 million seed round raise for the Cosmos blockchain Neutron.
Hot Take: The shift in venture capital interest towards crypto infrastructure signifies a growing recognition of its importance in supporting the broader blockchain ecosystem. As investors seek stability and long-term value, foundational companies and projects in the infrastructure space are becoming increasingly attractive. This trend highlights the maturation of the blockchain industry and the potential for significant growth in the crypto infrastructure sector.
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