According to data compiled by The Block Research, in June, the crypto infrastructure track has replaced NFT and games as the most popular investment category for crypto VCs.
According to the report, since June 2021, the NFT/gaming space has been the most popular venture capital target in web3, but this 23-month winning streak ended in June, and the continued bear market conditions are driving investors Focus on underlying companies and projects.
Notable deals in June included Mythical Game’s $37 million Series C1 round, and Cosmos blockchain Neutron’s $10 million seed round led by Binance Labs and Coin Fund.