Google Backs Blockchain Industry With $1.5B Investments Jordan
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Google parent company Alphabet supported 4 blockchain startups with over $1.5 billion since September 2021, Blockdata reported on Wednesday. According to the report, Alphabet supported Digital Currency Group, Fireblocks, Dapper Labs and Voltage.

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The largest investment asset manager, BlackRock, was second in the list with $1.1 billion invested in USDC issuer Circle, crypto exchange FTX and crypto custodian Anchorage Digital.

Google Backs Blockchain Industry With $1.5B Investments

Although Samsung didn't make it into the top three investors by allocated capital, the Korean tech giant appeared to be the largest supporter of the blockchain market by the amount of funding rounds, having invested in 13 companies, including Axie Infinity developer Sky Mavis and Yuga Labs, the creator of the Bored Ape Yacht Club collection.

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Blockdata pointed out though that in most cases, it could not determine how much money corporations had invested, as they participate in funding rounds with multiple or many other investors. In total, around 40 corporations invested about $6 billion into blockchain startups between September 2021 and June 2022.

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