Despite signs that crypto winter might soon be over, it seems the digital assets space is having to weather a bit of a dull period, doesn't it? According to the latest venture capital (VC) monthly report from WuBlockchain, the financing number and amount in June hit its lowest point in the last two years. Cue the dramatic gasps and the frantic sell-offs. But before you go running for the hills, let's take a moment to put things in perspective.
First off, let's get the numbers straight. There were 83 public investments by crypto VCs in June, down 14% from the previous month and down 44% from the previous year. Total funding in June was $520 million, down 32% from the previous month and down a whopping 71% from the previous year.
Now, the pessimists among us but be thinking that the end is nigh. But hold your horses, folks. This isn't the first time we've seen a dip, and it certainly won't be the last.