According to the data, of the total number of businesses (65) that received funding from the 40 largest firms during the review period, nearly half (31) were cryptocurrency or blockchain startups. These startups were sponsored by Samsung, United Overseas Bank, Citigroup, and Goldman Sachs.
Blockdata’s research nonetheless provides an estimate of the total amount invested by all the corporations despite the lack of data on the precise amount invested by each corporation.
“From September 2021 to June 2022, the 40 firms spent about $6 billion on blockchain startups. It is unknown how much each corporation contributed to a project because some rounds entail participation from numerous investors, according to Blockdata’s research report.
Alphabet, the parent company of Google, comes out on top in the category of businesses that took part in the largest investment rounds after contributing to transactions that garnered just under $1.51 billion. Having taken part in three investment rounds totaling $1.17 billion, Blackrock is in second place.
With participation in two rounds totaling $1.1 billion, the American financial services behemoth Morgan Stanley is in the third position, followed by Samsung in fourth with $979 million.
Block data found that 19 startups receiving money were involved in “some sort of non-fungible tokens (NFT) solutions and services,” which is in line with the use cases that major corporations are interested in. Eleven companies are in the business of offering gaming services, while 12 are marketplaces.
