Based

Future

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<p>In 2023, the cryptocurrency funding saw a significant decrease of 68%. It reached $10.6 billion. However, venture capital giants share optimistic outlooks for 2024.</p>
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     <p lang="en" dir="ltr">Coinbase, Galaxy, Polygon, Multicoin, and other top crypto VCs share their 2024 funding outlook <a href="https://t.co/ztieVSfDwM" rel="noopener noreferrer nofollow">https://t.co/ztieVSfDwM</a></p>— The Block (@TheBlock__) <a href="https://twitter.com/TheBlock__/status/1739814620875862296?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 27, 2023</a>
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  Venture capital giants share their cryptocurrency funding outlooks for 2024
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<h2 id="h-cryptocurrency-funding-2023-a-year-rich-in-challenges">Cryptocurrency Funding 2023: A Year Rich in Challenges</h2>
<p>The year 2023 has been a period of uncertainty for cryptocurrency funding. It was especially marked by a <strong>significant drop in cryptocurrency investments</strong>. The figures show a decline of over 60%, which represents nearly $10.6 billion.</p>
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<p>Many factors have contributed to this decline:</p>
<ul>
 <li>historically high-interest rates,</li>
 <li>the rapid growth of AI (thus diverting attention from cryptocurrencies),</li>
 <li>crises involving major platforms such as FTX, Celsius, and BlockFi.</li>
</ul>
<p>Another catalyst: regulatory crackdown creating a complex environment for crypto market players.</p>
<h2 id="h-despite-the-challenges-venture-capital-firms-are-optimistic-about-a-bright-future">Despite the Challenges, Venture Capital Firms Are Optimistic About a Bright Future</h2>
<p>Despite the challenges of 2023, venture capital giants exhibit cautious optimism about the <strong>future of cryptocurrency funding in 2024</strong>. For instance, <a href="https://www.theblock.co/post/268094/coinbase-galaxy-polygon-multicoin-other-crypto-vc-funding-outlook-2024?utm_source=twitter&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">Coinbase Ventures</a> is becoming increasingly optimistic due to:</p>
<ul>
 <li>increasing clarity of the cryptocurrency regulation,</li>
 <li>maturing infrastructure of the protocols,</li>
 <li>institutional participation,</li>
 <li>innovation.</li>
</ul>
<p>While being watchful, Galaxy Ventures remains committed to investing in nascent cryptocurrency projects. It indeed anticipates <strong>a possible consolidation in the sector</strong>, arguing that blockspaces and stablecoins are attractive areas for cryptocurrency investments.</p>
<p>Based in Hong Kong, venture capital firm Animoca Brands also declares itself very optimistic. It even foresees a “considerably healthier” funding environment in 2024. According to it, the rebound of the cryptocurrency market is <strong>the beginning of a new bullish cycle</strong>.</p>
<p>For its part, Polygon Ventures anticipates a recovery of web3 funding in 2024, highlighting the resilient activity of developers. According to them, consumer-oriented use cases and tokenization should attract institutional investors.</p>
<p>In all, 20 venture capital firms shared their cryptocurrency funding outlooks for 2024. At the heart of their forecasts lie innovation, the adoption of Web3, as well as major opportunities.</p>

Crypto 2024: Here Are Optimistic Perspectives of Venture Capital Giants!

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