Crypto startups raised $660 million in VC funding in December 2022 – down 21.5% from November (2022) and 82.5% from December 2021 ($3.76 billion), in accordance with a report by Wu Blockchain.
The variety of crypto VC public funding initiatives in December 2022 was 50 – a 23% decline from November 2022 (65 initiatives) and a 68% decline from December 2021 (154 initiatives). As well as, December noticed the bottom quantity and quantity of financing within the final two years.
Infrastructure crypto corporations acquired the most important share of funding in December 2022, at about 22%. Whereas CeFi, DeFi, and NFT/GameFi sectors accounted for about 8%, 18%, and 16%.
With $100 million, Aztec Community turned probably the most funded crypto agency, an L2 privateness answer utilizing ZK Rollup. After Aztec, Fleek protocol generated $25 million in funding, and Web3 startup Nillion acquired $20 million.
Nonetheless, Haun Ventures secured the best funding of $1.5 billion in 2022. Huobi World takes second place with $1 billion in funding, and Circulate ecosystem is available in third with $750 million in funding.
On account of bullish optimism and funding surges for non-fungible tokens (NFT) and decentralized finance initiatives, enterprise capital investments in blockchain startups reached a report $25.2 billion in 2021. Nonetheless, following a wave of collapsed corporations like hedge fund Three Arrows Capital, lender Celsius Community, and change big FTX, funding slowed in 2022.
VC funding diminished globally.
World enterprise capital funding in November 2022 was $22 billion – down 69% from $70 billion in November 2021 and down by 19% month-over-month.
Whereas deal-making declined and crypto had a troubled 12 months, Web3 and DeFi nonetheless attracted funding, surpassing fintech and biotech.
There has nonetheless been $18.3 billion poured into the house till Q3 2022, outpacing the second most backed house of fintech, which has raised $13.4 million.
