Alphabet and Samsung identified as most active investor in blockchain since September

August 18, 2022 0 Comments

Alphabet and Samsung have been identified most active investors in blockchain companies out of the top 100 public companies, according to a new research report from Blockdata that traced blockchain-related funding rounds between Sep 2021 and June 2022.

Alphabet is the most active investor in term of capital size of funding rounds, with US$1,506 million investment in 4 respective funding rounds for company including Fireblocks, Dapper Labs, Vultage and Digital Currency Group.

Blackrock, one of the world’s largest asset management firm, ranked No.2 with a whopping US$1170.7 million in only three funding rounds for USD coin issuer Circle, cryptocurrency exchange FTX and digital asset platform Anchorage Digital.

Image Credit: Blockdata

South Korean tech giant Samsung has been identified as the most active investor in term of number of blockchain companies, which have participated in funding rounds for 13 companies, including climate tech venture Flowcarbon, Bored Apes Yacht Club issuer Yuga Labs, blockchain gaming company Animoca Brands, and Axie Infinity owner Sky Mavis.

Samsung did agreement investment through a multifaceted investment arm Samsung Next, which focus on nurturing startups in emerging fields like blockchain, artificial intelligence, and the Metaverse

Chinese social network and gaming giant Tencent is also on the list with a US$224.5 million investment in four different funding rounds for companies- OXALIS, ethernity, Showcon, and Australia-based Immutable.

The beginning of the internet, or Web 1.0, allowed people to read and connect to information. Web 2.0 was the iteration of social media that facilitated a new wave of people connecting with others. Web 3.0 is widely considered as a decentralized internet powered by blockchain technology with cryptocurrencies, non-fungible tokens (NFTs) being the underlying infrastructure.

Blockchain are emerging as most popular sector for Asian Pacific big startups, with over a quarter of startups are blockchain related, a report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups showed

 

 

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