VC Money Continues to Flow into Crypto: Firms Received More Funding Last Quarter than Entirety of 2020 

Without a doubt, the mainstream resurgence of cryptos have spurred on new movements within the industry, ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs). These red-hot sub-industries within the broader crypto scene have resulted in hundreds if not thousands of new startups — and venture capitalists are pouring money into them like never before. Crypto firms got more funding last quarter than in all of 2020. Startups raised $2.6 billion, according to CB Insights.https://t.co/xDVKSxmFo2 pic.twitter.com/ZDMjx7y5cx — unfolded. (@cryptounfolded) April 2, 2021 According to a report from CB Insights, venture capital funds invested $2.6 billion in over 129 crypto-based startups in the first quarter of 2021. This accounts for more than all of 2020, which saw $2.3 billion in investments across 341 deals. The increase was primarily fueled by Bitcoin surging to new highs, bringing in more corporate buyers and retail investors. As institutional investors looked to take advantage of…

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