The dolla dolla bills keep rollin’ in y’all! Over $1B once again flows into decentralized finance, NFTs, and a variety of other projects in the Blockchain industry. The big haul this week is from NFX which is a venture firm exclusively focused on pre-seed & seed-stage startups. However, the theme this week is exchanges and funds.
Half a billion dollars is heading toward DeFi, NFTs, and scores of other projects. So it’s time to party folks. And a16Z is hosting, as it is once again launching a $400MM fund to expand into new technology. The theme this week seems to be DeFi, where at each tier decentralized finance projects are getting funding.
Shy of the normal trend, only $245MM flowed into digital asset projects. That said, it seems that $6MM was the magic number since 3 different projects received that level of funding. These monies will be directed toward NFTs, taxes, and a platform to help investment advisors who are the gatekeepers to trillions in capital.