After record growth, VC crypto investments decline 38% in May
Venture capital investments in the crypto industry have almost doubled since last year, but are down 38.2% down since April. This short-term decline in investments can be correlated to the recent market correction, which made Bitcoin (BTC) and other major cryptocurrencies lose 50% or more of their value.According to new data released by Dove Metrics, total venture capital investment in crypto declined 38.2% over the past month, from $6.8 billion in April to $4.7 billion in May, while surging 97.8% since last year.Data on investment distribution showed infrastructure companies received 21%....
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