Funding rounds can take months to finalize or close, and some of the investments reflected last month were likely already raising money when the FTX collapse started in early November. The coming months will show exactly how much investment capital dried up after the FTX scandal came to light.FTX’s demise created doubts about the whole centralized exchange model of trading crypto, and persuaded some that decentralized finance and decentralized exchanges are the better way forward.
The fundraising data compiled by CoinDesk shows that wariness may have showed up in investments, with CeFi deals sinking 99% to $22.8 million in January 2023. Also, the CeFi firms that managed to raise money had a tie to DeFi. That includes Architect, a startup founded by Brett Harrison, former president of FTX US,Infrastructure projects had the softest landing, dropping a relatively small 59% to $357 million, the CoinDesk data shows. That dollar amount was also the highest for any category.
Source: News Formal (newsformal.com)
FTX_Offical
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FTX_Official 🤪🤪🤪
FTX_Official The plunge in investments into cryptocurrency companies is concerning and could spell big trouble for the industry as a whole. It's possible that this drop has yet to reach its full potential given
FTX_Official Curious, same chart but with Bitcoin in its own category?
FTX_Official This is a concerning statistic for the cryptocurrency industry and indicative of continued volatility surrounding digital currencies. Investors are likely wary due to significant drops in price over the last several months as well
FTX_Official This news is concerning and a clear reminder of the volatile nature of cryptocurrency investments. While some investors may be hesitant to dive into this market, it's important for them to remember
FTX_Official The 91% drop is certainly significant, but it's important to remember that cryptocurrency is still a relatively new market 💡. The market can be volatile, but the long-term potential of cryptocurrency remains strong 💪.
FTX_Official Thanks a lot Mrs Candice. My trading journey has been a rollercoaster and this is certainly high point of my life. Made my whole yearly wage in 3 months of being in your group trading. I recommend y'all to follow Candicestewartt for trading tips & guide to invest and earn more.
FTX_Official imagine all that money was created to actually fix trillema with infinite scaling & zero fees and build the internet of value/immutability
BrandyBetz I’ve been seeing and feeling this too…
BrandyBetz I have a feeling once it gets started again it will start flowing quite fast. I am sure many were planning and creating during the bear market! The space is too innovative to ignore for long.
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