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Crypto startups have raised $2.1 billion year-to-date, or nearly 80% less than last year, according to data presented by AltIndex.com. After raising more than $20 billion in funding rounds in 2021 and 2022, and even though the market significantly recovered from the 2022 crypto winter, investors’ interest in crypto startups remains low, the report said. That said, “even with investors pulling back from the market, crypto startups have raised impressive amount of money in funding rounds over the years.” According to Crunchbase data, crypto-related companies have raised nearly $30 billion so far, and two-thirds of that value came from deals in 2021 and 2022. Statistics show US companies raised nearly half the total funding value, or $14.1 billion, European companies raised $7.5 billion, and Asian crypto startups raised $4.8 billion in funding rounds so far.
Private biotech democratized research funding model BioCrowd announced the launch of its platform to improve funding for early-stage drug discovery and scientific research by leveraging AI and Web3 technologies (with its own BIO token and NFTs) to enable the formation of decentralized autonomous organizations (DAOs) designed to democratize and accelerate the R&D landscape. According to the press release, its DeSci (decentralized science) marketplace and virtual accelerator connects researchers and investors, empowering scientists working on treatments for diseases and ailments without known or viable treatment. BioCrowd has been appointed a Genesis Block Founding Member of NSF-backed National DigiFoundry (NDF), which is a direct implementation of the US President Joe Biden Administration’s Executive Order ‘Ensuring Responsible Development of Digital Assets’. National DigiFoundry, which received a grant from the National Science Foundation (NSF), officially launched on October 25 and is a digital innovation sandbox program that offers a controlled environment where innovators can collaborate, build value, and mitigate risk by normalizing broadly diverse inputs using a DAO, it
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