Lots of money flowed into the coffers of the 129 blockchain companies, with Dapper Labs, Blockchain.com and BlockFi Inc. leading the way.
Institutional and corporate investors, continuing the upward trend of investments in this area, only in the first quarter of 2021, reached a record amount of 2.6 billion dollars! This is a huge amount considering that by 2020, investments in this sector had reached $2.3 billion, shared among 341 companies, according to data collected by the business intelligence platform CB Insights.
One of the biggest business deals was the one that brought capital to Dapper Labs, the company behind the successful CryptoKitties and NBA Top Shot.
At first, Dapper Labs, which comes first in the funds it attracted, reached the amount of 305 million dollars, a fact that raises its valuation to 2.6 billion dollars. The company attracted investors such as Michael Jordan and Kevin Durant, while the investment company “Coatue” ran the round of this financing.
It is followed by the London Blockchain.com, which according to its announcement attracted funds of 300 million in its third financial round, as a result of which it is now valued at 5.2 billion dollars. This round came just one month after the previous $120 million fundraiser.
Nobody knows where this trend will end up, but now digital currency has become a much more interesting investment choice, among large investors, than a little while ago.