Investment in blockchain firms down over 60% in 2019: report

Blockchain companies have for a long time been the most attractive destination for investors in the crypto industry. “Blockchain-not-crypto” is a narrative that has been widely spread, with many choosing to back the underlying technology as it has applications that extend beyond cryptocurrencies. However, according to a new report, the sector is experiencing slow growth in 2019 with investors staking their money in cryptocurrencies instead.

The report by CB Insights, a market intelligence platform provider, revealed that investors have become wary of investing in blockchain companies. So far in 2019, traditional venture capital firms have invested $784 million in 227 deals. This is way below the numbers registered at a similar time in 2018. At that pace, blockchain companies are set…

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