Venture capital investments in cryptocurrency companies have plummeted over 70% over the past 365 days, according to information published by RootData, a crypto data provider. During the month of June 2022, the digital asset space received $1.81 billion in 149 rounds, whereas this year, only 83 projects registered $520 million—the lowest funded month to date.

The RootData numbers show a clear downtrend for VC’s interested in the digital asset space, despite several in-between months that managed increases. September 2022 was the highest on record, for example, with $1.85 billion in funding, investing in a second-best 138 rounds. And June last year had the most recipients, with 149 rounds. 

According to the data platform, the infrastructure category leads the way, with $213 million in funding last month for 26 projects. This still represents a nearly 50% drop from the previous month, in which 28 projects received $410 million.

Gensyn AI, a UK based startup

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Author: Pedro Solimano

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