Crypto Venture Capital Market is Tepid
Various sectors within the crypto ecosystem have garnered different levels of interest from investors. Crypto exchanges, lending platforms, investing, and trading platforms collectively raised over $460 million, accounting for 18% of VC capital raised in the sector.
Following closely behind were Layer 1 projects, which secured approximately $440 million in funding, while Web3/Metaverse projects received around $360 million. Infrastructure projects also saw significant investment, totaling $340 million in funding.
Notably, projects that integrate both crypto and artificial intelligence (AI) technologies attracted around $270 million in funding. This amount is five times higher than the previous quarter, indicating a growing interest in projects that combine these two innovative technologies, according to Galaxy.