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European crypto startups raised a report $5.7 billion in VC funding final 12 months, up from $5 billion in 2021, in accordance with the newest State of European Crypto VC Funding report. The funding cycle adopted the worldwide pattern of peaking within the second quarter and declining sharply within the first quarter of this 12 months. Web3 remained a key sector of curiosity, whereas the quickest development vertical was infrastructure, together with developer tooling, blockchain scalability options and layer 1 blockchains.
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