Blockchain venture funding falls QoQ for the second time this year as the crypto winter cools off investor enthusiasm.
Global funding to blockchain and crypto startups fell by 35% quarter-over-quarter in Q3’22, as venture capital investors remained cautious amid the continued crypto winter, rising inflation, and the Fed’s interest rate hikes.
Below, take a look at a few highlights from our 141-page, data-driven State of Blockchain Q3’22 Report. For deeper insights and all the private market data, download the full report.
Q3’22 highlights across the blockchain ecosystem include:
- Blockchain venture funding fell to $4.6B, the second quarter-over-quarter (QoQ) decline this year.
- While there were only 6 new blockchain unicorns in Q3’22, they still accounted for a quarter of total unicorn births across all industries. Common themes of the new blockchain unicorns include payments (Paystand and Zebec) and Layer-1 blockchains (5ire and Mysten Labs).
- Nearly half of global blockchain deals went to US companies, the leading region for deals for the 8th consecutive quarter.
- Web3 accounted for over half of total blockchain funding for the third straight quarter, at 63%.
- Blockchain infrastructure & development companies saw a record number of deals at 74, increasing for the fourth straight quarter.
- Funding into institutional crypto & custody fell to $0.4B, the lowest since Q4’20.
Download our Q3’22 State of Blockchain Report to dive into all these trends and more.If you aren’t already a client, sign up for a free trial to learn more about our platform.