Alphabet has pumped $ 1.5 billion in blockchain companies for over 10 months, according to the study results

Alphabet has pumped $ 1.5 billion in blockchain companies for over 10 months, according to the study results

The US technology giant Alphabet is the largest blockchain investor among the listed companies that have invested in the room between September 2021 and June 2022.

The parent company of Google invested $ 1.5 billion in four blockchain companies-Fireblocks, Doper Labs, power voltage and digital Currency Group-in the last 10 months, a new Learn from the crypto-intelligence-platform blockdata found.

alphabet, the barrelerven of Fast 125 billion dollar until the end of June is one of the one of the one of the one Most productive investors in the startup ecosystem. Show crunchbase data Google Ventures made 990 investments, Capitalg counts 106 and Gradient ventures has 158.

Other top companies with billion dollar blockchain investments in the same period are, according to the Blackrock and Morgan Stanley study. The top banks of Wall Street, Goldman Sachs, Bny Mellon, Citi and Wells Fargo are also on the list.

A total of 40 companies invested around $ 6 billion in blockchain-related investments during this period. The investments treated in the study would have been partially made during the downturn in the cryptocurrency market, which was triggered by the crash of Terrausd in May.

Alphabet boss Sundar Pichai confirmed at the beginning of this year that the company was investigating how blockchain technology can be integrated into its services such as YouTube and Google Maps.

"Every time there is innovation, I find it exciting, and I think it's something that we want to support as well as possible," said Pichai during a conference call.

"The web has developed and will develop further, and as a Google we have benefited enormously from open source technologies, so we plan to make a contribution there," he said.

concern about the influence of Big Tech

Critics of big-tech companies have previously resisted that they exercise too much power. Web3 companies that build on the premise that future companies will live on the blockchain work with the same idea that supports cryptocurrencies. You are not checked by individual companies such as Facebook or Google.

YAT SUI, CEO of Animoca Brands, described the imperies of Meta and Microsoft recently in an article as "digital dictatorships". Bloomberg Interview. Animoca, even a large blockchain investor, says that his goal is to give people ownership of their digital property and to dissolve the influence of Big Tech.

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The contribution Alphabet Goss over 10 months $ 1.5 billion in blockchain companies, study results, is not a financial advice.