Venture capital activity across different sectors of blockchain saw an unprecedented rise in the first quarter of 2022. It is expected that 2021 will be the year of the ICO. Venture capitalists raised over $30 billionInfrastructure, nonfungible tokens and Web3. This set the standard for 2022. Capital inflows by venture capitalists reached over $14.6 trillion, which is 48% of total capital invested during the previous year.

In the first three months 2022, more than 500 deals took place in five of the major sectors. Cointelegraph Research analyzed and compiled a 12-page report on major VC activity in crypto sphere.