Germany’s blockchain funding increases 3% amid market downturn: Report

Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC). 

Within CVVC’s report titled “The German Blockchain Report 2023,” the country’s blockchain sector

Meanwhile, a venture capital executive believes that the funding downturn in crypto is due to the lack of innovation in the space. In a recent Cointelegraph interview, Foresight Ventures’ Tony Cheng said that most of the narratives in the space like zero-knowledge proofs, layer-2 solutions and nonfungible tokens (NFTs) have already “played out.” Cheng belives that this may be the reason why venture capital firms are being driven away from the space. 

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