Venture capital (VC) investment in the cryptocurrency and blockchain sector is on a downward trajectory, according to a recent report by Galaxy Research. The second quarter of 2023 saw crypto and blockchain firms receiving $2.3 billion from VC firms, a significant drop from the same period last year when more than $8 billion was invested. Looking back further to the COVID-19 pandemic, the crypto industry experienced a monumental surge in venture capital, with a record $13 billion invested in Q1 2022. The current challenging business environment coupled with rising interest rates has led to a reduction in deal flow, according […]