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Venture capital invested a record $30 billion in crypto in 2021, more than quadruple previous high
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Venture capital funds poured a record $30 billion — more than every other year combined — into crypto investments in 2021, Bloomberg reported.
The report, which cited PitchBook data, said the sky-high number is nearly four-times the 2018 record of about $8 billion, in part thanks to investors funding «anything and everything» in crypto.
Much of that fundraising — about $7.2 billion — came from US venture capital, according to the report. PitchBook did not respond to Insider's request for the data.
Axie Infinity-owner Sky Mavis, for example, raised $150 million at a $3 billion valuation in a funding round led by venture firm Andreessen Horowitz. Axie Infinity, an ethereum-based play-t0-earn game, has
Read more on markets.businessinsider.comAbout this in other media
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