May 8, 03:00 AM

Crypto VC Funding Hits $2.5B in Q1 2024, BlackRock Invests in Key Startups

In the first quarter of 2024, venture capital investments in cryptocurrency projects significantly increased, with funding reaching approximately $2.5 billion. This surge is part of a broader trend where the proportion of venture capital funding for crypto is expected to rise into double digits, up from 7.6% in 2023. Notably, crypto startups have adopted open-ended, rolling funding rounds to quickly enhance valuations. Moreover, for two consecutive months, crypto venture capital funding surpassed the $1 billion mark, with April seeing $1.02 billion across 161 rounds and March $1.09 billion across 186 rounds. Significant investments included BlackRock's $47 million in Securitize and $225 million to Monad, a project seen as a potential competitor to Solana.

#BlackRock #Securitize #Monad #Solana

Written with ChatGPT (GPT-4).

Sources

CoinMarketCap@CoinMarketCap
2 years ago
🗞️ Crypto News Crypto venture capital funding has exceeded $1 billion, signaling sustained investor interest in the industry. 🔗 https://t.co/BYxyzN0kiA #CryptoNews
TheLordofEntry@thelordofentry
2 years ago
Crypto VC funding hits $1B for two straight months, the first time since late 2022. - April saw $1.02B across 161 rounds, slightly down from March's $1.09B (186 rounds) - BlackRock's $47M investment in Securitize, and $225M to Monad, a "Solana killer" backed by Paradigm & $COIN… https://t.co/Hv26B5tLVD
MATT HUNTΞR@matthunter
2 years ago
Crypto Venture Capital Funding Surpasses $1 Billion - For the second month in a row, crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest. https://t.co/gZgZmEMZbV via @Cryptonews

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