Venture Capitalists Catch Crypto Fever, Stampeding Towards WEB 3.0
NDTV
Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects.
Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects - blockchain-based apps and platforms fuelled by cryptocurrencies that are native to the virtual economies of the metaverse and Web3.
VC investment in such projects totalled $10 billion globally in the first quarter of this year, the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook.
A trickle has become a torrent: the full-year totals for 2019, 2020 and 2021 were $3.7 billion, $5.5 billion and $28 billion.
"You're seeing a lot of VC investment into a lot of protocols because they all believe, as we do, that some of these protocols are the infrastructure of the future," said Steve Ehrlich, CEO of crypto brokerage firm Voyager Digital.
Bengaluru-headquartered blockchain-based esports fan engagement startup STAN has raised an equity funding of $2.5 million in its seed round
Indian equity benchmarks on Wednesday traded higher in opening deals led by gains in banking and pharma stocks.
Bank of India on Tuesday reported a 142.31 per cent rise in standalone profit after tax at Rs 606 crore in the quarter ended March 2022
Domestic coal production went up to 33.94 million tonnes in the first half of May, a growth of 36.23 per centover last year
Life Insurance Corporation of India (LIC) will consider payment of dividend during its board meeting, which is scheduled to be held on May 30
Indian equity benchmarks on Tuesday traded higher in opening deals led by a recovery in metal stocks.
ONGC on Monday said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange
Investigations by the CGST Gurugram are going on into the matter of fraudulent GST refunds
Hiccups in recovery of contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth
Indian oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.
Indian equity benchmarks on Monday traded higher in opening deals led by gains in automobile and consumer durable stocks.