Germany's blockchain funding increases 3% amid market downturn: Report

Germany's blockchain sector saw a total of $355 million in venture capital funding across 34 deals, a 3% year-on-year increase. Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC). 

According to a recent CVVC report titled “The German Blockchain Report 2023,” the country's blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC.