Samsung tops most active in crypto list

Intelligence firm Blockdata has revealed that Samsung is the most active tech corporation investing in the blockchain and cryptocurrency sector.

Between September 2021 and June 2022, the company invested in 13 companies, outstripping the second-best United Overseas Bank, which invested in seven crypto and blockchain entities over the same period.

Blockdata did not provide exact data on how much money has been invested by each corporation on its list, but it estimated that the Top 40 corporations collectively invested around $6bn.

The report does not clarify whether Samsung ranks first because it invested the largest amount or in the most companies, but it’s likely that the corporation checks out both criteria.

“The 40 companies invested approximately $6bn into blockchain startups between September 2021 and June 2022. Because some rounds involve participation from multiple investors, it is unclear how much each company invested in a project”, the report states.

Interestingly, Google was the most active company in what the report said were the biggest funding rounds, which collectively raised $1.51bn. Earlier this year, Samsung said that it’s considering the launch of a dedicated cryptocurrency exchange.

Samsung’s investments in the sector are many and diverse. The South Korean tech giant is putting down money on NFTs, blockchain services, development platforms, social networks, and others.

Meanwhile, cryptocurrency is becoming more popular with casual and recreational users who are interested in exploring all of its uses.

One such use is the use of cryptocurrencies to place wagers online. You may do so yourself by visiting 1xBit, FortuneJack or Bitcasino.io.

Source

Updated: 09/20/2022 — 08:00

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