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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG’s $1 billion stole the show

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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 1
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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG’s $1 billion stole the show

by Yogita Khatri
December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 3
Quick Takes
  • Last year closed with another blockbuster month for VC funding, with NYDIG raising $1 billion in December.
  • December added for more mega-deals worth more than $100 million, bringing the year’s total to over 50. 
Last year was a historic one for crypto funding. Venture capital investors throwing around $28 billion into the emerging industry in 2021 — twice what had been invested in crypto startups over the previous six years combined.

It was the second half of the year that saw the most blistering pace of new investment. Crypto startups raised an average of nearly $3 billion each month from July to December.

Deal sizes also significantly grew in 2021, with over 50 mega-rounds richer than $100 million. December saw four such mega funding rounds, including a $1 billion raise by NYDIG. Anchorage, 1inch and Figment’s December mega-deals were worth $350 million, $175 million and $110 million, respectively.

Overall, the NFT and blockchain gaming category remained the most popular among investors for a third consecutive month, followed by DeFi. Below is the December roundup — organized by category — of all the VC fundraises worth more than $10 million announced during the month.

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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 4
You Should Know
Powell says delayed Fed report on digital currencies will be released ‘within weeks’
Powell’s estimated time of publication came during a hearing on his confirmation before the Senate Banking Committee on January 11. Senator Mike Crapo (R-ID) pushed Powell on the report, which the Fed chair had previous said was coming shortly.
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Macro-driven crypto plunge spares NFT floor prices
Wall Street’s love affair with high-flying tech stocks and cryptocurrencies has fizzled as anxieties about monetary tightening from the US Federal Reserve adds uncertainty to the market, but one of the riskiest and most nascent corners of the crypto space has been relatively spared. 
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NYDIG-backed mining firm Luxor launches new service for buying, selling hardware
Luxor, a Washington-based bitcoin mining company, has launched a new service for buying and selling Bitcoin mining machines. Through their new trading desk, the company will purchase and sell specialized Bitcoin mining hardware on behalf of the Luxor team, miners, and investors. 
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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 5
5 Ways Fireblocks Advanced Institutional Crypto Trading
  1. Improved Fireblocks Network connectivity from 100 to 800+ trading venues and counterparties
  2. Provided the industry’s broadest token support with 900+ tokens supported
  3. Significantly expanded DeFi capabilities with multiple L1 & L2 support
  4. Broke down barriers for compliance-conscious institutions to enter DeFi by becoming the first and only whitelister for Aave Arc
  5. Increased insurance coverage of digital assets in storage and transfer for up to $42M, in a unique policy with MunichRe
Learn More
From the Dashboard
December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 6
Adidas Originals’ recent Into the Metaverse launch comprised a total of 30K NFTs, rivalling the total supply of CryptoPunks and Meebits combined. Despite the enormous supply, the NFT collection settled significantly above its mint price of 0.2ETH, now sitting at 0.75ETH as of this writing. 
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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 7
January 26th 2022, 12:00 PM EST
What to Expect for Crypto Tax Reporting
The Infrastructure Investment and Jobs Act that was enacted into law in November 2021 placed tax reporting of crypto-related transactions into the spotlight. Join us for a conversation about what we can expect for crypto tax reporting as we head into what may be a critical transition year.
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MORE UPCOMING EVENTS
2022 Digital Asset Outlook
January 20, 2022 katana 12:00 PM EST
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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 8
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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 9

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December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG's $1 billion stole the show 10

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