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Galaxy Digital's Head of Research Sees More Venture Funding for Web3 Firms This Year

Web3 blockchain startups and trading-based services led venture-capital deals and funding in 2022, and the trend could continue this year, according to Alex Thorn, head of research at crypto investment firm Galaxy Digital.

Thorn told CoinDesk TV’s “First Mover” on Monday that the Web 3 sector, which is made up of non-fungible tokens (NFTs), decentralized autonomous organizations, the metaverse and online gaming, were 31% of deals in 2022, while 13% were made up of trading platforms.

VCs invested more than $30 billion into crypto and blockchain startups in 2022, according to Galaxy's “Crypto VC Year End” report.

Galaxy Digital
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