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Google’s parent company, Alphabet, has reportedly invested $1.5 billion in projects related to the blockchain industry.
According to recent Blockdata research, Alphabet has been involved in the development of the blockchain industry, supporting several startups in their development.
The tech giant will invest $1.5 billion between September 2021 and June 2022 in four blockchain companies — digital security company FireBlocks, venture capital firm Digital Currency Group, Lightning Cross infrastructure platform Voltage and blockchain video games company Dapper Labs.
During this period, 40 public companies made investments worth $6 billion in the blockchain industry, with the report showing BlackRock $1.17 billion, Morgan Stanley $1.11 billion, and Samsung $972 million backing 13 platforms — the largest number of startups. In the report.
Blockdata research shows that investors are mostly interested in companies that provide blockchain services, infrastructure, blockchain development companies, dApps, smart contracts and security solutions.
Despite the recent collapse of the crypto market and consequent decline in interest in the industry, Inc. The magazine included several companies in its 5000 2022 list, naming Blockchain as the fastest growing company of the year.
According to the magazine, the crypto lender showed a growth of 245,616%. Other companies on the list include Polygon, CoinFlip, Distributed Ledger.
Venture capital seems unfazed by the ongoing “Creto Winter.”
The total blockchain VC investment is more than 17 billion dollars
Year-to-date venture capital investment numbers in the crypto and blockchain industries are $17.9 billion year-to-date, according to JP Morgan.
“While most of the ‘traditional’ sectors, including software and pharma and biotech, will continue to represent the majority of VC investment activity in 2022, one of the most interesting trends we’ve noticed in recent quarters is the record pace of VC investment into the start-up crypto and blockchain industries,” JP Morgan said.
Along with market prices, illegal activity in the industry has also decreased, according to the latest Chinalysis data.
Total fraud revenue for 2022 is currently set at $1.6 billion. It is 65 percent lower than it was at the end of July 2021, the report said, possibly as a result of falling prices, and the number of stockpiles has increased. Single turnover is “so far” the lowest in four years.
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