Crypto startups raised $660 million in VC funding in December 2022 – down 21.5% from November (2022) and 82.5% from December 2021 ($3.76 billion).
The number of crypto VC public investment projects in December 2022 was 50 – a 23% decline from November 2022 (65 projects) and a 68% decline from December 2021 (154 projects). In addition, December saw the lowest number and amount of financing in the last two years.
Infrastructure crypto firms received the largest share of funding in December 2022, at about 22%. While CeFi, DeFi, and NFT/GameFi sectors accounted for about 8%, 18%, and 16%.
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