Financial infrastructure is the true reason for attracting venture capital investment in the cryptocurrency sector.

Authors: Suvashree Ghosh, Matt Haldane

Translated by: Saoirse, Foresight News

Not long ago, the cryptocurrency industry was loudly proclaiming the slogan ‘blockchain, not Bitcoin,’ asserting that distributed ledger technology would transcend financial applications and completely reshape the internet. However, recent financing trends indicate that in the real world, cash remains king.

Following the wane of the Web3 and NFT boom in the early 2020s, investment enthusiasm in the cryptocurrency sector has noticeably cooled. Nevertheless, one niche area in the market has bucked the trend by attracting increasing amounts of venture…