Crypto companies received extra funding final quarter than in all of 2020

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Enterprise capitalists are pouring cash into cryptocurrency-related companies at a quicker clip in years. Within the first quarter, 129 startups specializing in the digital expertise referred to as blockchain raised about $2.6 billion, in keeping with CB Insights.

That’s greater than in all of 2020, after they attracted $2.three billion in 341 offers, in keeping with the info evaluation firm. The rise was fueled by a number of massive rounds for startups together with crypto lender BlockFi , game-maker Dapper Labs and crypto pockets supplier Blockchain.com.

The funding surge is occurring as Bitcoin hits document highs, and with corporations reminiscent of Tesla diving into the foreign money.



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