Partyin’ Like It’s 2018
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Doubling down. According to The Block’s research, there are twice as many crypto venture capital deals with valuations greater than $50 million in the first quarter of 2021 than all of 2020 combined. The seven deals valued at over $100 million that were sealed in the first three months carry illustrious names in the industry such as BlockFi and NYDIG, which collectively pushed the average deal size from $5.7 million to $12.7 million. DeFi projects continue to be a popular verticle among investors, amounting to 26% of the private investment rounds that took place in Q1 2021.