Investments in Crypto Business Fell by More Than 40% Last Year
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According to a report released by CoinGecko, the collapse of Bitcoin in 2022 and the tightening of supervisory policies have sharply weakened the investment attractiveness of the blockchain industry.
Per the document, compared to 2021, capital investments in the crypto business over the past 12 months have fallen by more than 40% to $21.6 billion.
Most of these funds was attracted by companies in the first six months of 2022.
Amid the collapse of the Three Arrows Capital crypto fund and the Terra ecosystem, investments in the industry started to fall at a rapid pace. For example, in the third quarter, companies were able to raise only $3.61 billion from investors.
The collapse of FTX dealt the biggest blow to the industry.
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