With venture majuscule funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers.

Co-ordinate to the Global Startup Ecosystem Report 2022 published on Wednesday, blockchain-based businesses account for 10% of startups worldwide.

The figure is function of a more than significant trend that has seen emerging engineering science become a fast-growing sub-sector in terms of early-stage funding.

The report divides startups into growing, matured and failing sub-sectors. Unsurprisingly, blockchain engineering is in the start group, where the average growth rate is 107%, forth with agriculture technology (agtech) and new food, avant-garde manufacturing and robotics, bogus intelligence (AI) and big data, and fintech.

According to the study, blockchain is the second-fastest-growing sub-sector in terms of early on-stage funding, with a 121% growth over the last 5 years. Exits among early-stage blockchain startups too grew past 52% inside the aforementioned menses.

Silicon Valley remains a leading source of blockchain funding, with investors like Andreessen Horowitz regularly among the pool of backers for decentralized ledger technology startups.

With blockchain amid the major destinations for early on-phase VC funding, it is perhaps unsurprising to meet Silicon Valley at the top of the ecosystem value creation rankings co-ordinate to the written report.

The Global Startup Ecosystem Report used survey data from more than 10,000 startup executives globally, its methodology page explains.

Related: VC funds bullish on crypto, increment investment in blockchain startups

While the GSER focuses on early on-stage backing for startups, the study'southward details are in keeping with the established bullish trend for blockchain among venture upper-case letter funds.

In Apr, Cointelegraph Consulting reported that VC firms had invested over $16 billion in blockchain disinterestedness since 2022.

In Q1 alone, VC firms invested about $2.6 billion in crypto and blockchain startups, a figure $300 million north of the total corporate investment in the sector for the whole of 2022.

The scale of the investment funds flowing into the blockchain infinite also serves every bit a counterargument to criticisms against the value proposition of the emerging technology.

With crypto and blockchain often drawing negative attention from policymakers, these multi-million investments could be vital in promoting the industry.