A new report shows that despite the current market downturn, the crypto sector has already raised $30.3 billion in funds after a full year of fundraising in 2021.
In an Aug. 2 report by crypto analytics firm Messari and Dove Metrics, data shows the $30.3 billion raised in centralized finance (CEFI), decentralized finance (DFI), non-fungible tokens (NFTs), and infrastructure , funded by 1199. funding has been achieved. Round in H1 2022.
The total amount of funds raised over a six-month period has already surpassed the $30.2 billion raised in 1,313 rounds in 2021.
More than a third of the total funds raised went to the CEFI sector, which received $10.2 billion in funding. The infrastructure and NFT sectors also saw strong investment volume, however DeFi investments appear to have lagged behind with just $1.8 billion in funding over the period.
CeFI–> Exchanges was also pioneering here. CeFi raised $10.3 billion in the first six months of the year, with nearly half of the total funding rounds exceeding $10 million pic.twitter.com/i5nIENyMdD
— dunlevy (@dunleavy89) August 2, 2022
Most of the investments in CeFi were aimed at crypto exchanges, which raised a total of $3.2 billion in funding. Payment services, market makers and savings/bank account companies tied for second place.
Web3 and the NFT sector, which raised $8.6 billion in funding for the half year, saw gaming-related NFTs capture the lion’s share of investment, more than four times more than any other NFT industry.
Some of the currently popular NFT based crypto games are Axi Infinity, Avegotchi, CryptoKitties, Galaxy Fight Club and Gods Unchained.
RELATED: NFT volume drops annually in June, but first-time buyers remain steady
According to PwC’s latest hedge fund report in June, 38% of hedge funds are now investing in digital assets, up from 21% in 2021.
PWC global financial services leader John Garvey said that crypto is increasingly being used by hedge fund managers to gain an edge over the competition:
“It’s the pursuit of alpha. Everyone’s always looking for an angle… so how do you beat the benchmark? You have to try something different, new and unconventional.”
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