Statistics: Venture capital financing in the crypto and blockchain sector has grown more than 30 times in 5 years

On Jan. 21, former Bloomberg host Jon Erlichman took to Twitter to share statistics on venture capital funding in the crypto and blockchain space from the latest Pitchbook report. According to data released by Erlichman, from 2012 to 2018, venture capital investment in Web3 has soared year by year. The first major pullback occurred in 2019-2020, which coincided with the “crypto winter,” a sharp drop in cryptocurrency prices following the 2017 rally. In 2019, the total amount of money invested in the crypto space fell by 50% from the previous year; 2021 will see the fastest growth, with a year-on-year increase of more than 360%. (U.Today)