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Cryptoverse: Venture capitalists catch crypto fever
Venture capital is making a big move on crypto in 2022. Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects: blockchain-based apps and platforms fuelled by cryptocurrencies which might be native to the digital economies of the metaverse and Web3. VC funding in such initiatives totalled $10 billion globally within the first quarter of this 12 months, the most important quarterly sum ever and greater than double the extent seen in the identical interval a 12 months in the past, in response to information from Pitchbook. A trickle has turn into a torrent: the full-year totals for 2019, 2020 and 2021 had been $3.7 billion, $5.5 billion and $28 billion. Take a look
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