According to Odaily, despite a sluggish market, crypto venture capital continued to rebound in the second quarter. Founders and investors generally stated that the financing environment was more active than in previous quarters. Galaxy Digital research analysts Alex Thorn and Gabe Parker wrote in a report on Tuesday that the sentiment for crypto risk investment continues to improve, although it is still far below the bull market of 2021-2022.
The Galaxy report stated that venture capitalists invested $3.19 billion in cryptocurrency and blockchain companies in Q2, slightly higher than the $3.16 billion in the first quarter. This indicates a steady growth in the sector despite the overall market conditions. The report highlights the resilience of the crypto market and the continued interest of investors in the potential of blockchain technology, even in a challenging economic environment.