The amount sum invested in the crypto projects is so high and reached $ 10 billion (Rs. 76,600 crores) in the first quarter of the financial year 2022. This sum is the largest sum ever.

Highlights

Venture Capital’s investment is rising in the crypto-related projects  
Total investment in 2021 was $28 billion (Roughly 2, 14, 400 crores)
The company’s crypto craze coincides with a slump in the NASDAQ benchmark

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Venture Capital is investing a huge sum in crypto-related projects and according to the records of investment, the company has invested double the sum this year. At the current flood of investment in the crypto sector, Private companies are making a race themselves to be a wealthy part of the crypto market.

The applications are based on Blockchain and platforms fueled by cryptocurrencies that are native to the virtual economies of the Metaverse and Web3.

The sum of the amount, VR Company invested in the crypto sector is the highest in the financial year of 2022 and is just double the amount of the level seen in the same period a year ago, according to data from Pitchbook. Venture Capital invested a total of $10 billion (roughly Rs. 76,600) globally in the first quarter of the current year.

A renowned brokerage firm Voyager Digital said “You’re seeing a lot of VC investment into a lot of protocols because they all believe, as we do, that some of these protocols are the infrastructure of the future,” Steve Ehrlich, CEO of the brokerage platform said.

The investment interest in crypto has continued to rise day by day during a Bitcoin Price slump this year. The price of Bitcoin is down by 16 percent as compared to the previous summer.

A technology reader Alex Thorn, the head of Firm wise research at blockchain-focussed bank Galaxy Digital in New York said in a statement “This decoupling is the demonstrative of investors’ disbelief that a prolonged bear market in digital assets is forthcoming, as well as the significant amount of dry powder held by funds seeking to allocate to the sector,” he wrote previous week.

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