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Crypto Infrastructure Overtakes NFT and Gaming as Top Destination for Blockchain Venture Capital

July 4 (Cointime) - According to data from The Block Research, venture capital seeking deals in the blockchain space is now more interested in crypto infrastructure than NFT and gaming. The NFT/Gaming sector had been the most popular destination for VC deals in web3 since June 2021, but this streak ended last month.

The ongoing bear market has prompted investors to focus on foundational companies and projects, and infrastructure interest has remained resilient despite funding for the overall sector decreasing.

Notable deals in June include Mythical Game's $37 million Series C1 raise and the $10 million seed round raise for the Cosmos blockchain Neutron led by Binance Labs and CoinFund.

Cosmos Cosmos $7.99
+0.16%
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