The volume of blockchain venture capital declined to a year’s low in August: Crypto News

Introduction 

An investigation revealed that the blockchain industry received $1.36 billion in funding in August 2022. This was a year low and the fourth consecutive month that capital inflows declined. The inflows for August decreased by 31.3% from July’s $1.98 billion. According to Cointelegraph, the 101 contracts that closed in August had an average capital investment of $1.43 million.

The volume of blockchain venture capital declined to a year’s low in August

As per the Cointelegraph updates, the investment categories for August included Web3.0, infrastructure, and non-fungible tokens (NFTs). Moreover, the result was 85.4% of the total capital, or over $1.16 billion. The blockchain-based fan rewards network Socios’ owner Chillz, who also owns Web3.0 game developer Limit, raised $100 million from Limit as one of the month’s deals. On the other hand, Ready Player Me was a website where users could make avatars for the metaverse. As a result, Inworld AI, a developer platform for developing AI-based virtual characters, was sealed for $56 million in a Series B fundraising headed by Andreessen Horowitz. As a result, Section 32 and Intel Capital conducted a Series A transaction, raising $50 million for the company.

According to Cointelegraph data, investment reserves have also been accumulating money through adjustments. Investment company CoinFund, based on Web3.0 and digital currencies, has discovered a $300 million asset to support start-up new enterprises. This happened when Web3.0 was supposed to promote a positive outlook throughout all market cycles.

Orange DAO secured $80 million from the Algorand Foundation and Near to expand as an investment-focused decentralised autonomous organisation supporting cryptocurrency businesses. Shima Capital established a $200 million debut capital fund at the same time to assist growing digital asset enterprises.

Conclusion

In addition, Cointelegraph noticed that the “Financial backer Bits of knowledge” report from Cointelegraph Exploration revealed the complete examination of venture capital (VC) fragments in August. Moreover, the exploration group underscored the breakdown of the past month’s top market-moving occasions—moreover, data of interest across the different areas of the business, including investment.