Venture Capital Investment in Blockchain Plunges in May: Report by OKX Blockdream Ventures
BRITISH VIRGIN ISLANDS, June 19, 2022 (GLOBE NEWSWIRE) — OKX Blockdream Ventures, an investment arm of the world’s leading cryptocurrency platform OKXpublished a report on its investments for the month of May and describes a drop in venture capital funding for startups in May 2022.
The report, titled “OKX Blockdream Ventures Monthly Report – May 2022,” shows that the investment arm funded five startups in May, including SSV Network, Ever Finance, WAX, Sweatcoin and Alien Swap. It also relates to the fact that, globally, investment institutions have been more hesitant in the face of greater market swings and increased risk.
Dora Yue, Founder, OKX Blockdream Ventures, said: “The current crypto winter will not prevent us from investing in innovative blockchain projects and the teams they need to continue refining and perfecting their products. We are also convinced that companies that are both healthy and innovative will survive this winter and come out of it better than before.
The report further claims that the explosion of NFTs has boosted a number of other markets, including art, music, photography, sports and games. As of June 1, 2022, the total market capitalization of NFT marketplaces was $16.972 billionan explosive growth of 533x compared to two years ago.
The report also shows that on-chain metrics for BTC are relatively healthy, with the number of monthly active addresses for BTC in May increasing 3.8% from April.
For all figures, market data and insights, see the full report here.
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About OKX Blockdream Ventures
OKX Blockdream Ventures is the investment arm of the world’s leading cryptocurrency trading platform OKX.
We help entrepreneurs build great businesses, supporting cutting-edge blockchain innovation and promoting the development of the global blockchain industry. The initial capital of OKX Blockdream Ventures is $100 million.
OKX is a world leading crypto-trading application and Web3 ecosystem. Trusted by over 20 million global customers in over 180 international markets, OKX is known to be the fastest and most reliable crypto trading app of choice for investors and professional traders around the world.
To learn more about OKX, download our app or visit: okx.com