Crypto Research

This week, twenty-six crypto companies raised money through venture capital firms, totaling $622 million. NFT projects received over half of the pool at $319 million. In a relatively slow week for Infrastructure startups, they raised $125 million, followed by DeFi ($113 million), CeFi ($34 million), and lastly, Web3 ($33 million). Additionally, three new funds launched this week with a combined $1.375 billion, with Dragonfly Capital’s third crypto fund raising $650...

To download the full report, click here. EXECUTIVE SUMMARYAlongside its exponential growth, the crypto market has become increasingly complex over the past several years. Blockchains have proven to be imperative underlying infrastructure for the next generation of internet applications. In turn, a wave of businesses has set out to develop institutional and consumer products that leverage or service blockchain infrastructure. Capital allocators have taken notice, investing over $33 billion across...

This week twenty-seven crypto companies raised capital totaling $1.46 billion, more than half of which went to two miners, Crusoe Energy Systems and Bit Digital. Web3 came in second, bringing in over $226 million, followed by CeFi ($137 million), NFTs ($129 million), Infrastructure ($92 million), and DeFi ($20 million). Additionally, four funds launched this week after raising a combined $610 million. Framework Ventures’ newest fund was the standout, raising $400...