Backing Funds Is The New Holding Cash
May 27, 2022
• 5
Min Read
In a week very similar to last, venture capital money was heavily focused on backing new funds as opposed to investing in projects. Projects raised a total of $600 million, with CeFi projects getting the biggest share of the pie at $197 million. Infrastructure and DeFi followed up at $122 million and $111 million, respectively. Web3 and Metaverse/Gaming both raised $73 million, and NFT projects came in last with just $24 million.
In the retail investing world, we pad our bank accounts in ant...