2020 is the year for cryptocurrency, and this is again proved during this year’s third quarter. More than 200 cryptocurrency and Blockchain companies (mainly startups) received nearly $900 million in venture funds (during the early-stage, and seed-stage). We got these statistics from the complication of The Block Research.
More than 50 deals were finalized during the early-stage round, while companies secured nearly 70 corporate deals during the seed-stage. This shows that people are moving towards cryptocurrencies, encouraging business owners to start their cryptocurrency ventures.
The total amount was rounded off to nearly 50% of the total investment received by companies during this quarter. It can be said that the overall response was positive from cryptocurrency enthusiasts and investors. The trend is promising, which means that cryptocurrency might ultimately replace fiat money. Also, it will be a breeding ground for healthy competition among the top companies, and these startups, resulting in some advanced solutions. You can check the trends seen during the first and second quarters to draw an accurate comparison and make the right decision.