According to Cointelegraph Research , in August 2022, there was $1.36 billion in venture capital investment in the blockchain industry, the lowest level in 12 months and the fourth consecutive month of year-on-year decline in capital inflows. Capital inflows in August fell 31.3% from $1.98 billion in July, and the average capital investment for the 101 deals completed in August was $14.3 million, down 10.1% from July. The data comes from Cointelegraph Research Terminal's venture capital database , which contains comprehensive information on deals, M&A activity, investors, cryptocurrency companies, and funds.
Blockchain industry capital inflows hit 12-month low in August 2022 Source: Cointelegraph Research VC Database
August Funding Focused on Web3, NFTs, and Infrastructure
The three most popular investment categories in August were Web3, infrastructure, and NFT, attracting more than $1.16 billion in funds, accounting for 85.4% of the total capital inflows. Web3 game developer Limit Break raised $200 million. Barca Studios, the Web3 arm of FC Barcelona , has raised $100 million from Chiliz, owner of blockchain-based fan rewards platform Socios. Ready Player Me, a platform that allows people to create metaverse character avatars, raised $56 million in a Series B round led by A16z. Inworld AI, a developer platform for creating artificial intelligence-powered virtual characters, raised $50 million in Series A funding led by Section 32 and Intel Capital.
Industry investment interest ratio in August 2022 Source: Cointelegraph Research VC database
CoinFund remains bullish on Web3 despite poor market conditions
Venture capital firms have also been raising money. Web3 and cryptocurrency-focused venture capital firm CoinFund have launched a new $300 million fund to back early-stage startups, underscoring its bullish belief that Web3 will "go on through all market cycles." With $80 million in funding from the Algorand Foundation and Near, Orange DAO will continue to grow into an investment-focused decentralized autonomous organization backing crypto startups. Meanwhile, Shima Capital launched its first $200 million venture capital fund to back emerging digital asset companies.
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Catherine
