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Blockchain venture capital funding fell to a 12-month low in August

Data from Cointelegraph Research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry — a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August’s inflows represent a 31.3% drop from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3 million — a 10.1% decline from July. The data was drawn from the Cointelegraph Research Terminal’s Venture Capital Database, which contains comprehensive information on deals, mergers and acquisition activity, investors, crypto companies, and funds.

For access to reports and databases, visit the Cointelegraph Research Terminal.

August 2022 saw the lowest capital inflows in 12 months. Source: Cointelegraph Research VC Database

August’s funding focused on Web3, NFTs and infrastructure

August’s three most popular investment categories were Web3, infrastructure and nonfungible tokens (NFTs), drawing more than $1.16 billion, or 85.4%, of the total capital. Some of the biggest deals include the following: Web3 game developer Limit Break raised $200 million. Barca Studios, FC Barcelona’s Web3 arm, raised $100 million from Chiliz, the owner of blockchain-based fan rewards platform Socios. Ready Player Me, a platform that allows people to create metaverse avatars, raised $56 million in a Series B funding round led by Andreessen Horowitz. Inworld AI, a developer platform for creating AI-driven virtual characters, raised $50 million in a Series A round led by Section 32 and Intel Capital.

Sectors of investment interest in August 2022. Source: Cointelegraph Research VC Database

CoinFund is bullish despite the market conditions

Venture capital firms have been raising funds too. Web3 and crypto-focused venture capital firm CoinFund launched a new $300 million fund to back early-stage startups, emphasizing its bullish belief that Web3 will “continue to progress through all market cycles.” Orange DAO raised $80 million from the Algorand Foundation and Near and looks set to…

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