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Global Venture Funding for Blockchain and Crypto Companies Hit Record $26.8B in 2022, But Declined in Later Quarters
According to CBinsights, blockchain and crypto companies experienced an all-time high in global venture funding of $26.8 billion in 2022, with a strong first half driving the increase. However, the latter half of the year faced three consecutive quarters of declining funding and deals due to the crypto winter and macroeconomic pressures. Nevertheless, blockchain venture funding grew 4% YoY. The average deal size for blockchain startups decreased by 24% YoY to $16.2 million, mainly due to a significant drop in mega-rounds of over $100 million. The number of blockchain unicorns stalled at 79, with only two new unicorns added in Q4’22. Web3 startups captured 56% of blockchain venture funding, up from 39% in the previous year. Furthermore, blockchain infrastructure and development funding had a record year, signaling investor confidence in blockchain’s future despite cryptocurrency volatility. However, venture funding for crypto exchanges and wallets decreased by 48% YoY, highlighting a shift in investor sentiment away from centralized exchanges.
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Unlocking the Power of Engagement: Exploring the Connection between Gamification and Blockchaining
In today’s world, businesses are always looking for innovative ways to increase engagement with their customers, employees, and partners. Two technologies that have gained a lot of attention in recent years are gamification and blockchaining. While they are often used separately, combining these two technologies can create powerful incentives for engagement and behavior change.
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Building a Decentralized VPN Using Blockchain Technology
Virtual Private Networks (VPNs) are a crucial tool for online privacy and security, but they can be vulnerable to attacks and data breaches. One solution to this problem is to use blockchain technology to build a decentralized VPN that is secure and transparent. In this article, we will discuss how blockchain technology can be used to build a VPN.
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Exploring the Latest Innovations in Blockchain and Crypto: A Report from the European Blockchain Convention 2023
As I arrived at the Hyatt Regency Barcelona Tower, I could feel the excitement in the air. The European Blockchain Convention 2023 had arrived, and the venue was buzzing with people from all over the world who had come together to explore the latest developments in blockchain and crypto.
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Cryptocurrency has become a global phenomenon with a market capitalization of almost $3 trillion at its peak in November 2021
Cryptocurrency has become a global phenomenon with a market capitalization of almost $3 trillion at its peak in November 2021. The lack of central intermediaries and the use of public blockchains have led to challenges in adoption as transactions can be costlier and take longer to settle than traditional payment options. However, the growth of the crypto industry has created an entire ecosystem that supports cryptocurrencies, including custody services, exchanges, payment platforms, and decentralized finance platforms.
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