Summary of Layoffs in 2022

The digital asset sector is evolving at an accelerating pace and a probability of a forthcoming technological revolution has infused curiosity among tech enthusiasts and investors around the globe. The venture capital investments in the industry skyrocketed in 2021 with a YoY growth of $25.5 billion, corresponding to an astounding 809% growth.

Companies utilize the cash infusion usually for geographical expansions, increasing products and services, and scaling the team size to cater to presumably growing market requirements as the global crypto users increased from 106 million to 295 million in 2021.