![]() The biggest mega-round deals went to crypto exchanges, brokerages, NFTs, gaming, and payments.”Īccording to the report, $1 out of every $4 worth of funding went to crypto exchanges and brokerages, which also equates to a quarter of all global blockchain funding in 2021. The 59 mega-rounds in 2021 accounted for just 5% of total deals but 60% of total funding. The report states: “Over $100M mega-rounds (worth $100m+) were the driving force behind blockchain’s record funding year. Bendtsen pointed out that the majority of VC funding mentioned throughout the report was allocated to crypto-focused startups. ![]() Bendtsen further explained that while the title of the report references blockchain, this serves as an overarching category that includes cryptocurrency, nonfungible tokens (NFT), enterprise blockchain and decentralized finance (DeFi). VC funding focused on crypto adoptionĬhris Bendtsen, a senior analyst at CB Insights, told Cointelegraph that CB Insights’ report contains data aggregated from private marketing funding from over 3,000 blockchain and crypto companies that the firm regularly tracks. The document notes that global growth was driven by increasing consumer and institutional demand for crypto-related products and services. The report also found that the United States led the greatest amount of funding deals in Q4 of last year, generating $6.26 billion for 157 deals. According to CB Insights’ “ State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020. ICash will continue to solidify its corporate relationships with conglomerates in multiple industries and geographies, and offer additional utility use-cases to the iCash Token.Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. ICash intends to launch its Blockchain-based decentralized app (dApp) for social challenges and roll out multiple Blockchain based Proof of Trust protocols.
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