The Block: Cryptocurrency venture capital funding in 2023 decreased by 68% compared to last year

ChainCatcher news, according to The Block, in 2023, venture capitalists invested $10.7 billion in crypto and blockchain startups, a decrease of 68% from $33.3 billion in 2022. Most of these investments occurred at the beginning of the year, with a decline in the second half, although there was an increase in funding in November.

Compared to 2022, the proportion of investments allocated to pre-seed, seed, and Series A startups increased in 2023, while the number of late-stage investments decreased. As for verticals, NFT/gaming, infrastructure, and Web3 maintained dominance in the number of investments, while other categories such as data, trading, and enterprise received less investment.