Report: Web3 development remains strong despite cryptocurrency downturn

[Report: Web3 development is still strong despite the downturn in cryptocurrencies] Jinse Finance reported that data venture capital firm Telstra Ventures released a new report titled "The Signal Strength of Blockchain Open Source Developers to the Web3 Community" Reviewed developer activity on the Ethereum, Bitcoin, and Solana blockchains. Ethereum’s contributor community has a CAGR of nearly 25%, Solana’s CAGR of 173%, and Bitcoin’s CAGR of 17%. The Telstra Ventures report noted that venture capitalists and corporate investors backed seven of the 10 most active-ethexc projects across the three blockchains. Last month, Crunchbase data showed that while venture capital investment in crypto companies fell 26% year-over-year, the number of smaller deals increased. (coindesk)

Other news:

Report: The global blockchain in the banking and financial services market is expected to grow from US$1.17 billion last year to US$1.89 billion: Jinse Finance reported that Reportlinker released the "2022 Banking and Financial Services Global Market Blockchain Report", the report states, The global blockchain in banking and financial services market is expected to grow from USD 1.17 billion in 2021 to USD 1.89 billion in 2022, at a compound annual growth rate (CAGR) of 61.9%. The increase was primarily attributable to companies resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously resulted in operational challenges due to restrictive containment measures including social distancing, remote working and closure of business activities. The market is expected to reach USD 12.39 billion by 2026, at a CAGR of 60%.

The blockchain in banking and financial services market includes entities (organizations, sole traders, and partnerships) that provide blockchain technology for banking and financial services selling blockchain for banking and financial services.

North America is the largest region in the blockchain in banking and financial services market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period. (Yahoo Finance) [2022/3/17 14:01:41]

Report: In 2019, British blockchain startups raised £168 million in equity financing: According to a report published by MMC Ventures, since 2008, 2,700 new blockchain companies have been established in the UK, but only 9% of them are equity financing. Until early 2018, ICOs were the main source of funding for blockchain companies. Since the crypto market crash in early 2018, the funding model for ICOs has become increasingly difficult, and companies are shifting back to equity financing, with a greater emphasis on company fundamentals.

The report revealed that between January 2017 and December 2019, UK blockchain companies raised £1.2 billion through ICOs, compared with £525 million in equity funding. Despite the bursting of the ICO bubble, the ecosystem is maturing and investors are already paying attention. UK blockchain startups have received over 85% of equity funding since 2017. In 2019, startups attracted £168m in equity funding.

The report also highlights interesting capital dynamics between equity-backed start-ups in the UK and US ecosystems. The UK ecosystem is still immature compared to the US, with a higher percentage of blockchain companies raising seed and pre-seed funding. More than 60% of UK blockchain companies have raised less than $2 million in capital. The number of UK blockchain companies is 5 times less than that of the US, but equity investment is 10 times lower. In addition, financial services remain the core business of UK equity-backed blockchain companies, with 6 out of 10 B2B companies being start-ups focused on the financial sector. (Finsmes)[2020/4/30]

Dynamic | Ripple report: 75% of respondents are "very interested" in digital assets: According to AMBCrypto, on November 6, Ripple released its second annual "blockchain payment" report, which shows that blockchain It has become mainstream in the past two years, and people are very interested in digital assets, with 75% of respondents being "very interested" in digital assets. [2019/11/6]