Venture capital firms invested more money into crypto startups in 2021 than all the previous years collectively, in a vote of confidence in the potentials of the crypto economy and blockchain technology, reports Alex Thorn, head of firmwide research for Galaxy Digital, in a recent paper.

More than $33 billion was poured into blockchain and crypto startups in 2021 by venture capitalists, with over two-thirds of that going to fundraising rounds. Startups within the crypto economy took in 5% of all venture capital last year, while valuations within crypto and blockchain in the fourth quarter were 141% higher than the rest of the venture capital areas of allocation. READ MORE