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Last month, nearly $631 million in venture capital was allocated across 125 blockchain-related funding deals, which equates to the lowest amount allocated to the sector since January 2021 ($348 million).
Nearly half of the capital that was injected into crypto businesses last month, or roughly 48% of it was toward companies at a Seed or Pre-Series A level
A noticeable uptick in Web3 funding occurred, with social networks and social wallets being the primary theme
The recent uptick in funding deals and price appreciation of digital assets are early signs that we may be closer to a reversal in funding activity, as opposed to more major drop-offs
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