Cryptocurrency

Google parent Alphabet invested $1.5B into blockchain startups since September 2021

From September 2021 to June 2022, more than $6 billion will be invested in blockchain startups by 40 public companies, according to the company. CB Insight.

According to available data, Google’s parent company, Alphabet, has bet a record $1.5 billion on four startups. Dapper Labs.

Institutional hedge fund manager BlackRock followed with $1.17 billion, while Wall Street giants Morgan Stanley and Goldman Sachs invested $1.1 billion and $698 million respectively.

Samsung was the most active investor during this period, participating in 13 investment rounds. United Overseas Bank (UOB) led his seven rounds, while Citibank closed his six deals.

Concentrated and distributed betting

While many of the companies surveyed chose to focus their investments, a few, like Samsung, took a diversified approach to investing.

Of the $477 million Microsoft pledged to the two startups during the period, 94% ($450 million) Consensis contract. Alphabet bets on four startups. $550 million I invested in fireblocks.

Meanwhile, more diverse companies like Samsung distributed $979 million to 13 blockchain startups. UOB has invested him $204 million and funded seven startups, including Yield Guild Games.

NFT solution attracting attention

After looking at the use cases that investors are interested in, we find that non-fungible token (NFT) services are receiving more funding.

61 blockchain startups were considered for investment, 19 of which were focused on building NFT solutions. About 63% of the solutions are marketplaces, supporting the buying and selling of NFTs.

Custody solution providers received a total of $1.4 billion. The Fire block, Circle and Anchorage Digital reportedly received $550 million, $550 million and $350 million respectively.

Venture capital invested

A similar report published by Pitchbook shows that $17.5 billion was invested in cryptocurrency startups in the first half of 2022. Venture capital poured his $9.85 billion into cryptocurrencies in the first quarter, and in the second quarter he recorded $6.75 billion.

Most recently, venture capital firm Pantera led a $65 million Series A funding round to help NFT domain provider Unstoppable Domain reach a $1 billion valuation.

Posted In: Introduction, Investment

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