Samsung is the most active investor in blockchain

Samsung is the most active investor in blockchain
Image Credits: CIO News

In a blog post published by Blockdata, Samsung was revealed to have participated in 13 funding rounds between Sep 2021 and Jun 2022 for companies such as Flowcarbon, Yuga Labs,  Animoca Brands, and Axie Infinity owner Sky Mavis.

The investments were made under Samsung Next, an innovation group within Samsung Electronics that invests in blockchain, artificial intelligence, and the Metaverse.

During the nine-month period, the total size of funding rounds for the 13 companies aggregated $979.26 million, with Google’s parent Alphabet, Goldman Sachs, Morgan Stanley, and BlackRock Inc. identified among the biggest investors.

It is estimated that Alphabet, Google’s parent company, invested a total of $1.5 billion in companies such as Fireblocks, Dapper Labs, Voltage, and Digital Currency Group, and BlackRock invested $1.1 billion across three funding rounds.

As per Blockdata, the top 40 firms spent nearly $6 billion in blockchain and crypto startups operating in domains such as gaming, distributed ledger technology (DLT), arts, and entertainment. Moreover, 19 of which offer non-fungible token (NFT) solutions and services, 12 of which are marketplaces, and 11 are gaming firms. The blog post notes: “In most cases, we cannot determine how much money these corporations have invested, as they participate in funding rounds with multiple or many other investors.”

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