Crypto Startups Received $2.6 Billion in the First Quarter of 2021

Cryptocurrency companies were financed by a record amount in the first quarter

129 projects working at the intersection of blockchain and crypto technologies, attracted 2.6 billion dollars of funding. Last year, the companies received $2.3 billion for their development.

Biggest deals:

  1. Dapper Labs, the creator of CryptoKitties and NBA Top Shot, raised $305 million. The cost of the project is now $2.6 billion.
  2. The company announced $300 million in revenue from investors in Round C. The company's valuation was $5.2 billion.

Many investors, who previously preferred traditional financial projects, have now switched to cryptocurrencies. These are companies such as MicroStrategy, Paul Tudor Jones, Grayscale.

Thus, we can predict that the second quarter of 2021 will be no less impressive than the first months of the new year.

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