Cryptocurrency

United

DeFi

April

Optimism

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/surge-in-venture-capital-funding-for-crypto-projects/" data-wpel-link="internal">Surge in Venture Capital Funding for Crypto Projects</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/has-the-cryptocurrency-downturn-ended/" data-wpel-link="internal">Cryptocurrency</a></strong> venture capital financing saw a 52.5% increase in March compared to the previous month. Accordingly, cryptocurrency projects, primarily in infrastructure and decentralized finance (<a href="https://en.coin-turk.com/decline-continues-in-defi-ecosystem-total-tvl-amount-drops-to-37-29-billion/" data-wpel-link="internal">DeFi</a>), received investments totaling $1.16 billion. Let’s look at the details.</p> 
<h2 style="text-align: justify" id="usa-continues-to-lead-in-investment">USA Continues to Lead in Investment</h2> 
<p style="text-align: justify">According to RootData figures, the 180 investments announced last month reached the highest monthly investment figure since April 2022. While one-fifth of the projects raised funds between $1 million and $3 million, just over 15% collected between $5 million and $10 million. The majority of the financed projects are located in the United States.</p> 
<p style="text-align: justify"><a href="https://coin-turk.com/ethereum-eth-fiyati-cakildi-eth-yatirimcilarini-bundan-sonra-ne-bekliyor" data-wpel-link="internal">Ethereum</a> Layer-2 <a href="https://coin-turk.com/rusya-federal-turizm-ajansi-blockchain-turizm-sektorunu-degistirecek" data-wpel-link="internal">Blockchain</a> <strong>Optimism</strong> secured the largest investment income of the month by selling tokens worth $89 million in a private deal. Cryptography startup Zama followed with a $73 million Series A round.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336314 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/optimism-coin-turk-com-.png" alt="" width="886" height="598"></p> 
<p style="text-align: justify">While the number of monthly deals increased by 25% compared to February and by over 70% compared to the previous year, the total amount raised also increased by 28% compared to March 2023.</p> 
<h2 style="text-align: justify" id="emerging-focus-areas-in-crypto">Emerging Focus Areas in Crypto</h2> 
<p style="text-align: justify">VC firms recently hinted at their focus areas for crypto in the coming year. Andreessen Horowitz (a16z) set aside $30 million on April 1st for a fund focusing on <a href="https://en.coin-turk.com/2023-the-year-of-growth-and-decline-in-blockchain-networks/" data-wpel-link="internal">Web3</a> games.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336315 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/kripto-fonlama-trend-coin-turk-com-.png" alt="" width="1381" height="514"></p> 
<p style="text-align: justify">Last week, a16z co-founder Marc Andreessen and Galaxy Digital were among the top contributors to VC firm 1kx’s $75 million fund targeting crypto-based consumer applications. In February, Hack VC raised $150 million to finance early-stage crypto and artificial intelligence ventures.</p> 
<h2 style="text-align: justify" id="support-for-infrastructure-projects">Support for Infrastructure Projects</h2> 
<p style="text-align: justify">Infrastructure projects were the most funded in March, receiving about a quarter of the total $1.16 billion VC fund, which equates to approximately $283 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336316 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/rootdata-coin-turk-com-.png" alt="" width="1375" height="705"></p> 
<p style="text-align: justify">Decentralized finance (DeFi) projects accounted for nearly 20% of the total with $228.1 million in funding, while centralized finance (CeFi) projects like exchanges saw the third-highest funding at $85.5 million. No funds were raised in the DAO category.</p> 
<p style="text-align: justify">Last month’s funding marked the first time since November that VC funding in the sector surpassed $1 billion. This milestone, following the collapse of FTX in late 2022 and its profound impact on the cryptocurrency market, indicates a revitalization of the sector.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/surge-in-venture-capital-funding-for-crypto-projects/" data-wpel-link="internal">Surge in Venture Capital Funding for Crypto Projects</a></h5>

Surge in Venture Capital Funding for Crypto Projects

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