Venture capital is making a big move on crypto in 2022.
Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects - blockchain-based apps and platforms fuelled by cryptocurrencies that are native to the virtual economies of the metaverse and Web3.
Such projects, which can range from crypto and NFT exchanges to decentralized finance applications and token issuers, are often known as protocols in reference to the rules embedded in their computer code. "This decoupling is demonstrative of investors' disbelief that a prolonged bear market in digital assets is forthcoming, as well as the significant amount of dry powder held by funds seeking to allocate to the sector," he wrote last week.benchmark, which is down 21%.The number of M&A deals involving crypto target companies is also ballooning globally as the buzz grows around the metaverse of virtual worlds and the Web3 decentralized online utopia.
"Founders are saying, 'There's five funds that want to invest in us, which one is going to bring the most value?'," she said.
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