Crypto

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.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button