Germany stands tall as blockchain funding on a global scale experiences a decline.

In a year marked by a decline in global blockchain funding, Germany has bucked the trend by increasing its venture capital investments in the blockchain sector

A new Crypto Valley Venture Capital’s (CVVC) report details Germany’s exceptional performance in the blockchain ecosystem during 2023.

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The CVVC report, “The German Blockchain Report 2023,” reveals that Germany witnessed a year-over-year (YoY) increase of 3% in blockchain funding, with a total investment of $355 million across 34 deals.

This growth is remarkable given the downturn in blockchain funding on a global scale, which the report states has decreased by 62% compared to the last fourth quarter. According to the CVVC report, every continent has experienced a drop in YoY blockchain funding.

Germany’s share in global blockchain investments also saw an uptick. The country attracted 2.4% of worldwide blockchain funding and was involved in 2.5% of all international deals. These numbers show a significant increase from the 2022 figures, which stood at 0.9% of global funding and 1.9% of global deals.

In a European context, Germany secured 9.4% of the continent’s blockchain funding and 10.3% of all European deals, thus asserting its presence in the regional ecosystem.

It is worth noting that Germany was placed in the eighth position in a recent crypto readiness report, which named Hong Kong as the leader in crypto adoption

Germany’s performance in blockchain funding this year stands out against a backdrop of global decline. The country has increased its funding and saw a rise in its share of global and European blockchain investments. While the global market wrestles with a drop in venture capital interest, Germany’s progress offers a positive note for blockchain supporters.

Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she’s not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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