Investors Have Poured $11.65 Billion into Crypto Firms in 2022

A report unveiled by Fortune, citing data provided by PitchBook, noted that cryptocurrency and blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term firms had attracted almost $11.65 billion so far this year.

The data covers a range from January until April 12, as investors are on their way to injecting a record-breaking amount of capital into the sphere, while Bitcoin (BTC) keeps trading 40% lower than its all-time high, according to data from CoinMarketCap.

The report noted that in 2022, the number of deals has been ripping right along thanks to the $400 million Series C round conducted by crypto exchange darling FTX in January and the $400 million funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term by USD Coin-issuer Circle Internet Financial in April. In addition, Yuga Labs, the company behind the Bored Ape Yacht Club, raised $450 million in March thanks to backing from Andreessen Horowitz, FTX Ventures and others.

Likewise, Blockchain.com raised new funding at a valuation of $14 billion, ahead of a possible listing on the public markets. In January, Tom Brady raised $170 million through his NFT platform, Autograph.

Circle's Recent Funding Round

As reported by Finance Magnates, Circle became the latest firm in the financial ecosystem to raise significant funds for its expansion. The company entered into an agreement for a funding round worth $400 million.

BlackRock, the world’s largest investment manager, joined the recent funding round along with Fidelity, Marshall Wace and Fin Capital. Moreover, BlackRock has developed a strategic collaboration with Circle to explore capital market applications for USDC. Amid the growing adoption of USDC and a jump in demand for the company’s services, Circle’s valuation has increased significantly in the past few months. In February this year, Circle topped the valuation of $9 billion.

In terms of market cap, USDC is one of the largest digital currencies in the world. According to Circle, over $50 billion worth of USDC is in circulation.