What Are Crypto VCs Investing in? Binance Research


20 Nov 2023 5:26 AM

The gaming category sees 87 deals secure the top spot even as investments remain "conservative."...

  • The gaming category has secured the highest amount of funding with 87 deals, indicating potential in the industry.
  • Traditional VC share has surged to 45% since the beginning of the year, narrowing the gap with Web3 investors.
  • Funding levels have stabilized after a decline in the aftermath of the FTX contagion.
  • The number of deal funds increased in January and February 2023, driven by growth in the Infrastructure and Gaming sectors.
  • Prominent VC firms like Pantera Capital, Dragonfly, Coinbase Ventures, a16z, and Polychain Capital frequently engage in co-investments.
  • Polychain Capital and Coinbase Ventures have the highest number of joint investments, possibly due to their previous connection.
  • Coinbase Ventures consistently leads deal counts, allocating a significant portion to DeFi and infrastructure.
  • DWF Labs entered the investment activities in October 2022.
  • Coinbase Ventures diversifies its portfolio with smaller investments, while a16z prefers larger lead investments in a selective number of projects.

The article provides a positive outlook on the gaming industry and its sustained growth in funding. It also highlights the stabilization of funding levels and the involvement of prominent VC firms in co-investments.

Go to publisher site

You May Ask

Which sector secured the highest amount of funding in the last four quarters?What caused the decline in funding between the second and third quarters of 2022?Which VC firms frequently engage in co-investments?How does Coinbase Ventures differ from a16z in their investment strategies?When did DWF Labs start its investment activities?

Suggested Reads