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German Blockchain Sector Sees 3% YoY Growth with $355 Million Invested in 2023

According to a report published by Crypto Valley Venture Capital, the German blockchain sector demonstrated resilience, seeing a 3% YoY increase in funding, in contrast to the global blockchain ecosystem's downturn of over 50%. Germany demonstrated remarkable development in the global landscape of blockchain venture funding, which witnessed a total investment of $14.6 billion across 1,367 deals in the past four quarters. According to the report, despite a 62% drop in overall funding and a 44% decrease in the number of deals globally, Germany managed to secure $355 million through 34 deals. Asia contributes 28% of funding and 22% of deals and Europe contributes 17% of funding and 27% of deals.

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