Companies invest $ 30 billion in digital currency projects in 2021

The total value of venture capital investments in the field of digital currency for 2021 is estimated at about $ 30 billion. This volume of investment in projects in this field has been unprecedented throughout history.

To Report Crypto Slate, if we consider investing in digital currencies as a measure of how quickly this field is becoming one of the main currents in the world, then we can say that 2021 has been the year of acceptance of digital currency industry among investors and the general public.

According to PitchBook, a financial information provider, venture capital firms have invested about $ 30 billion in the digital currency industry as of December 15 this year alone. The data show that the historical peak of investment in digital currency projects dates back to 2018; When investors entered the industry $ 8 billion.

According to Bloomberg, the increase in investment in the field of digital currency can be related to various new innovations that are now found in this field. The growth of the Nonprofit Tokens (NFT), Decentralized Finance (DeFi) and Third Generation Web (Web3.0) technologies, among others, has made this space a very attractive option for investors.

“Investors provide the money needed for each activity,” said Peachbook analyst Rob Le. Spencer Bogart, a shareholder in Blockchain Capital, also noted the growth of these positions in the digital currency industry, adding that investors now think they have “not invested enough in the industry.”

While the growth of digital currency and investment space has been impressive this year, industry experts agree that we have had very little interaction with this space; Because the number of users of digital currency related platforms and businesses is expected to reach one billion in the next 5 years.

Who are the biggest investors in digital currency projects?

Pitchbook data show that the top venture capitalists in digital currency in 2021 are Coinbase Ventures with 68 investment contracts, Digital Currency Group with 58 contracts and Polychain Capital with 44 contracts. have been. The other venture capitalists in the top five are Pantera Capital and Andreessen Horowitz with 43 and 40 contracts, respectively.

These investors have participated in some well-known project financing periods; FTX, for example, raised $ 1 billion during its “Series B” financing period in July, and the New York Digital Investment Group recently had a similar experience.

Robinhood, Dapper Labs and MoonPay are other letters that have managed to raise a considerable amount of money during their project funding period.