VC investments in crypto surge five-fold in a year as money pours into Web3 era

As the interest in cryptocurrencies and blockchain increases, so do the investments in the space from venture capitalists, which have soared as much as five times over the course of a single year.

Specifically, the money invested through crypto and blockchain venture capital deals had increased from below $2 billion in the last quarter of 2020, to more than $10 billion in the same period in 2021, marking a nearly 500% increase year-over-year (YoY). READ MORE