Crypto fundraising reaches $30.3 billion in first half, surpassing all of 2021: Report
Crypto fundraising reaches $30.3 billion in first half, surpassing all of 2021: Report
2022 H1 crypto fundraising has beaten all of last year’s worth of fundraising
By Shashank Bhardwaj
Image: Shutterstock
The latest report published by Messari deletes the funding data on Web3 and crypto-funding. Around 1,199 rounds have managed to raise more funds in six months in 2022 than last year. The report shows that more than $30.3 billion has been raised in these rounds so far.
Funding was done for Web3, centralized finance, decentralized finance, infrastructure and NFTs. According to this report, centralized finance (CeFi) has raised more than a third of its funds by closing on around $10.2 billion in funding. Next are Web3, infrastructure and NFTs. All have seen an almost similar amount of crypto fundraising. Decentralized finance is the last in this race as it managed to raise only $1.8 billion in these 1199 rounds. This statistic suggests that people do not have much faith in the DeFi segment at the moment.
More than half of the funding in centralized finance exceeded more than $10 million each. Crypto exchanges led the way here and accounted for most of the funding. Total funding in this segment approached around $3.2 billion, with crypto exchanges increasing the most.
Payment gateways, marketplaces, etc. hold second place. The gaming sector of NFTs attracted most of the funds, thus making NFTs and infrastructure raise more than $8.5 billion in funding. Funds raised by gaming-related NFTs were four times more than any other NFT vertical. Games like Axie Infinity, Gods Unchained, etc., attracted the most funding in this genre.
Even with $30.2 billion raised in more than 1,300 rounds, the 2021 statistics are already beaten with the ongoing decline in the crypto market. The reason why the 2021 funding is exceeded is not yet clear.
Shashank is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist.
