capital risk – Europe can attract startups working in the field of blockchain and cryptocurrency that are interested in it collecting money During this crypto winter. The old continent even managed to overtake Asia in this area.
Blockchain Business Finance: The End of the Green Saga
Crypto winters fatten the bears, but the cold reduces the food ration for startups in the sector. Decline in double digits: Globally, venture capital funding earmarked for blockchain companies was recorded in the second quarter of this year. 22% decreaseIt amounted to $9.8 billion, compared to $12.5 billion during the previous period.
Cryptocurrency markets in the red have managed to cap seven consecutive quarters of growth in global funding for blockchain companies, via venture capital funds. The last drop was in 2020.
Europe is more attractive during a bear market
In this context, startups that want to quench their thirst for funding can head to Europe. The old continent managed to pull out of the game amid a bear market.
In the second quarter, the amounts you collected were raised Blockchain project startup In Europe, you know 25% increase Compared to the previous period, according to data From The Block Research.
It is not surprising that the companies that are most actively investing in European projects are the big names in this sector, such asAnimuka brandsFrom Coinbase projectsFrom GSRFrom Polygon Studiosor Jump Capital.
Unbeatable Uncle Sam, Africa as an exception
Europe is in the green, but Africa is in a better position. Funds previously collected Blockchain project startup in the record of the African continent an increase of 189%From the first to the second trimester of pregnancy. Africa is the only continent that shows such a rate exceeding 100%.
Asia and the United States followed the global trend, with declines of 43.4% and 23.8%, respectively, over the period. Falling on one side and getting up on the other. TheEurope is slightly ahead of Asia In terms of the share of global venture capital funding allocated to blockchain companies, in the second quarter.
The United States, on the other hand, They kept their place Despite this decline of 23.8%, it raised $5.4 billion during the period, compared to $1.8 billion for Europe.
Thus, the old continent increases its attractiveness during this Alcohol market. The context did not prevent this major cryptocurrency exchange from Affirms his love for Europe.
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