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The crypto venture capital market is experiencing a resurgence after the 2022-23 slump. In the second quarter of 2024, early-stage startups dominated, capturing 78% of the capital allocation. This resurgence is marked by significant investments in sectors such as Web3, NFT, DAO, metaverse, and gaming, which collectively raised about $758 million. Notable funding rounds include Farcaster raising $150 million and Zentry securing $140 million. Overall, venture capitalists invested $3.194 billion in crypto and blockchain-focused companies across 577 deals in Q2 2024, representing a 28% increase quarter-over-quarter. Additionally, Rome Crypto Startup raised $9 million from Hack VC and Polygon Ventures, while DeFi Technologies announced a $4.22 million acquisition of Stillman Digital. The former Valkyrie CEO has also stepped up at Cypherpunk Holdings.
[GALAXY] In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ) https://t.co/31gvGzoGnR
What happened in Crypto in the last 12hrs…? Raises and Acquisitions - Rome Crypto Startup raises $9M from Hack VC, and Polygon ventures - Former Valkyrie CEO steps up at crypto investment firm Cypherpunk Holdings - DeFi Technologies to acquire Stillman digital in $4.22M deal… https://t.co/oMrPwLnD2n
CRYPTO VENTURE CAPITAL RESURGENCE 2024 Crypto venture capital is seeing a resurgence after the 2022-23 slump. In Q2, early-stage startups dominated, capturing 78% of the capital allocation. This is a clear sign that fresh, innovative projects are catching investors' eyes. The… https://t.co/CSKum07wTS