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Crypto VC Funding Sees Distinct Slowdown, Public Investment Hits Two-Year Low

July 2 (Cointime) - Recent data from RootData shows a slowdown in public investment from crypto venture capitalists, with June recording only 83 deals - a 14% decline from the previous month and a 44% plunge year-on-year. Infrastructure accounts for the most significant chunk of funding, followed by NFT/GameFi and DeFi.

However, the overall volume of funding has plummeted, with the total capital influx for June amounting to $520 million - a 32% drop from May and a 71% decline from June 2022. Despite this, several companies managed to attract substantial investments in June, showcasing the enduring allure of the crypto sector.

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