Crypto: Crypto Attracts More Money In 2021 Than All Previous Years Combined

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Need more proof that this is the year digital assets became mainstream? How about the fact that venture capital funds have invested around $ 30 billion in crypto, more than all previous years combined for technology just over a decade old.

That’s almost quadruple the previous record of around $ 8 billion in 2018, or the year after Bitcoin’s more than 1,300% gain, according to transaction data compiled by PitchBook Data Inc.

“We’ve gone beyond digital gold. We’ve got financial services, art, gaming as a sub-category of NFT, Web 3.0, decentralized social media, gaming to win – it all made think of investors “we don’t have enough exposure,” said Spencer Bogart, general partner of San Francisco-based Blockchain Capital LLC, one of the industry’s largest investors having funded more than 120 companies since its inception in 2013.

While other established companies such as Coinbase Ventures, Digital Currency Group, and Polychain Capital are betting on the next big thing crypto, all kinds of experimental projects – a social media app that turns celebrities into tokens, a non-fungible token game. inspired by Elon Musk or a collector’s item made up of a list of words – guaranteed funding.

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