Crypto And Blockchain Funding Sees Big Boost In Q1 Thanks To Binance
Editor’s note: For more Web3 coverage, visit Crunchbase’s Web3 Tracker, where we track startups, investors and funding news in the Web3, cryptocurrency and blockchain space, powered by Crunchbase’s live, comprehensive data.
Venture funding to crypto and blockchain startups more than doubled in the first quarter as crypto enthusiasts seem ready to embrace easing regulations.
However, the total dollar figures were heavily skewed by a large $2 billion raise by a crypto exchange with ties to White House.
Overall, venture funding to startups in the crypto and blockchain space — also called Web3 for our purposes here — rocketed to $3.8 billion in 220 deals in Q1, per Crunchbase data. The dollar figure represents a…
