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- 1 Crypto funding surged significantly in August 2023 compared to July.
- 2 Infrastructure category raised $378,974,054 followed by DeFi which gathered $47,000,000.
- 3 Some major crypto investors are Coinbase Ventures, Haskey Capital, Polygon Ventures, Shima Capital and Big Brain Holdings.
Adoption of crypto is increasing and more than thousands of crypto projects register themselves on a monthly basis. In August 2023, crypto funding to back the budding and established projects surged compared to a month earlier.
The total amount which has been invested in the crypto industry in the past month is around $669.24 Million. As per data from Rootdata(dot)com infrastructure category of crypto sector gathered the largest amount in August.
Infrastructure raised $378,974,054 followed by the DeFi sector raised $47,000,000 in August 2023. The funding for centralized finance almost doubled in the past 30 days.
A decline in the number of infrastructure projects was seen in August 2023, In July, the total number of infrastructure projects that raised funds were 24, in August the number was 15.
While there was a surge in the funding amount in the gaming category, the number of gaming projects declined. A 3.41% increment in funding above $50 Million was recorded and more than 34 projects raised above $50 million.
The surge in projects above $50 Million shows that numerous established projects are seeking to expand their product or protocol due to profitability in the crypto industry.
Top Crypto Investors in the Industry
There are hundreds of crypto investors,some of the top investors include Coinbase Ventures, Haskey Capital, Polygon Ventures, Shima Capital, Big Brain Holdings, DWF Labs, Balaji Srinivasan, Animoca Brands and Circle Ventures.
As per funding portfolio of Coinbase Ventures, it holds investment in 104 infrastrues category projects followed by 87 DeFi, 41 centralized finance, 27 nft projects and 12 gaming projects.
Haskey Capital has more than 81 projects in crypto infrastructure, 41 DeFi crypto projects, 23 centralized finance projects and 19 gaming projects including many other projects.
Shima Capital is among top crypto investors as it has majorly invested in the crypto gaming industry; the venture capitalist firm has invested in 62 budding gaming companies . More than 40 decentralized finance are funded by Shima Capital.
Polkadot is one of the major DeFi platforms that received funding from Shima Capitals.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
