With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers.
According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for 10% of startups worldwide.
The figure is part of a more significant trend that has seen emerging technology become a fast-growing sub-sector in terms of early-stage funding.
The report divides startups into growing, matured and declining sub-sectors. Unsurprisingly, blockchain technology is in the first group, where the average growth rate is 107%, along with agriculture technology (agtech) and new food, advanced manufacturing and robotics, artificial intelligence (AI) and big data, and fintech…read more.