According to the latest data from Galaxy Digital, there were a total of 439 investment and financing transactions in the crypto industry in the first quarter of 2023, an increase of about 20% compared with 366 in the fourth quarter of 2022. Among them, seed-stage financing transactions accounted for a high proportion. However, the scale of investment and financing in the crypto industry in the first quarter was only US$2.4 billion, the lowest level since the fourth quarter of 2020. In terms of vertical fields, Web3, NFT, DAO, Metaverse and gaming sub-industries received the most financing transactions, while sub-industries such as crypto trading, lending, and wallets received higher financing scales. In addition, crypto startups in the United States received the most investment, followed by France. (Blockworks)
