Cryptocurrency fundraising surpassed $30 billion within the first half of 2021, reported by Cointelegraph quoting crypto analytics agency Messari and Dove Metrics.

As per the report, the general sum of money raised within the first six months already exceeds the $30.2 billion that was raised in 1313 rounds all through the whole 12 months of 2021. 

The centralised finance (CeFi) business acquired $10.2 billion in funding, accounting for greater than one-third of the entire capital raised. Excessive funding ranges had been additionally seen within the NFT sector and infrastructure. Decentralised finance (DeFi) investments, then again, appear to have lagged behind with solely $1.8 billion in funding over that point.

Crypto exchanges acquired nearly all of the funding in CeFi, which raised a complete of $3.2 billion in finance. Market makers, financial savings/banking account companies, and cost providers had been almost tied for second place.

Gaming-related NFTs took dwelling the lion’s share of funding within the Web3.0 and NFT business, which raised $8.6 billion in funding throughout the first half of the 12 months, elevating greater than 4 occasions as a lot as another NFT vertical.

In June, PWC launched its most up-to-date hedge fund research, which discovered that 38% of hedge funds now put money into digital belongings, up from 21% in 2021.

(With inputs from Cointelegraph)

Additionally Learn: Block shares slip after cryptocurrency winter dampens quarterly results

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