In 2019, the blockchain industry raised $822 million, a 50% decrease from the same period last year.

The blockchain industry is still attracting new funds.

According to media sources, the media Decrypt reported that a new report from European Web 3.0 venture capital firm Outlier Ventures said that in the first half of this year, about 822 million US dollars invested in blockchain startups. But compared with the same period last year, this figure has dropped by more than 50%, when the amount of funds raised was close to $1.8 billion.

When the price of Bitcoin stabilized below $4,000 in the first three months of this year, the decline in funding was in line with the encryption market. Although the overall market has risen in the past few months, Bitcoin has briefly hit $14,000, which is not enough for venture capitalists to return to the market with all their heart and soul.

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The second quarter of 2019 reported that funds were raised through 279 transactions in the first half of 2019 (compared to 343 transactions in the same period last year), most of which were in the seed stage.

But Lawrence Lundy-Bryan, partner and research director at Outlier Ventures, said that although investment has slowed, the quality of the project has improved significantly.

“The tokens we see now have a clearer ecosystem associated with them, the trading infrastructure has changed dramatically, and the regulatory compliance of institutional giants has become easier,” he said in a statement.

The report also stated that IEO may be the main source of new funding sources. It said that the recent bitcoin boom may be due to fears of a trade war between China and the United States. This suggests that institutional investors may hedge their positions by investing in bitcoins.

The media believes that looking ahead, Facebook's Libra may become a turning point in blockchain and encryption assets. So far, 28 corporate partners have pledged to donate $10 million to support social networking projects, even if some of them have doubts.

Still, Jamie Burke, CEO of Outlier Ventures, claims that this move has polarized the encryption industry.

"On the one hand, Libra brought some legitimacy to the field after ICO's madness, and the promise of billions of users, but there is deep distrust of Facebook's intentions."

But the block rhythm believes that in either case, the whole world is talking about blockchain, which is not a bad thing. (block rhythm)

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