Alphabet, the company that owns Google, put $1.5 billion into blockchain startups between September 2021 and June 2022. Media sources say that the investment value is the highest compared to companies that are publicly traded and are moving into the area.
The company has put most of its money into four blockchain businesses: the Web3 game startup Dapper Labs, the cryptocurrency infrastructure tool Voltage, and the venture capital firm Digital Currency Group.
By 2021, the company will have put $601.4 million into 17 blockchain-based businesses, such as Dapper Labs, Alchemy, Blockchain.com, Celo, Helium, and Ripple.
Alphabet’s CEO, Sundar Pichai, said in February of this year that the company is considering adding blockchain technology to its main products and services.
Even though the market crashed, there are still a lot of investors and big businesses interested in the blockchain industry.
On August 11, asset manager BlackRock showed off a brand-new private spot Bitcoin trust. It has put $1.17 billion into businesses that use blockchain. Aside from these big companies, Barclays, JPMorgan Chase, Goldman Sachs, and Morgan Stanley have also put money into the blockchain industry.
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