Despite a 30% drop in Crypto VC funding in June, the overall upward trend in 2023 persists. The influx of Bitcoin ETF applications suggests a promising future ahead. Via cointelegraphCS
over the Securities and Exchange Commission have helped brighten the mood. The crypto market instantly reacted to those positive events, but VC investments are always a lagging indicator, as institutions tend to be more inert and cautious. It is also important to note that VC activity may be tempered by the uncertainty of overall global economic conditions.reveals that the breakdown of deals in June didn’t drastically change and that the investment focus of VCs remained relatively stable.
Decentralized finance won back some ground with 20 deals and over $144 million invested. Surprisingly, Web3 was less popular for venture capitalists in June, with about $107 million over 18 deals. Centralized finance and nonfungible tokens again closed out the list with about $32 million and $2 million of investment and one and three individual rounds, respectively.
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