✨ Crypto VC Q1 Data Analysis: Which Narratives Are Favored? 🏎
✨ Trend.
Compared to the previous quarter, the amount of crypto VC investment increased by 38%, and the number of investment projects increased by 49%. It is still 7 times away from the investment amount ATH in the fourth quarter of 2021. But this could be the beginning of a new wave.
✨ Rounds.
Compared to the previous quarter, Series A investments surpassed Pre-Seed for the first time. In fact, the number of Series A investments has almost doubled compared to the previous quarter, and with memecoin, ICOs are back.
Crypto ventures dominated this quarter compared to the previous quarter's dominance of banks and non-crypto ventures. a16z crypto leads the way, followed by: Multicoin Capital, Paradigm, and Polychain.
The projects with the highest funding amounts in the first quarter were: EigenLayer, Berachain, Eclipse, 0G Labs, and Espresso Systems.
There has been an increase in the number of funding received by the Solana ecosystem, but it seems to be mainly related to the memecoin ICO. Polygon is losing market share.
🔺 Q1 VC focus on the narrative 🔺
Bitcoin L2, BRC-20, Abstract (Chain/Account), FHE.
(Source: Crypto Koryo, original in English, represents the author's views only)