DeFi

Monad

when

April

The total investment in Web3 firms increased by 55% in the first quarter of 2024, signaling the return of venture capital (VC) interest to crypto.
In addition to an increase of over 55% in total investment, the number of Web3 VC investment deals rose 36% in the first quarter of 2024 compared to the previous quarter, <a href="https://www.quicknode.com/on-chain-report/2024-q1" target="_blank" rel="noopener nofollow">according</a> to a Q1 on-chain report by QuickNode and Artemis.
Artificial intelligence (AI) and gaming-related Web3 protocols took the lion’s share of the investment. According to the report:
<blockquote data-ct-non-breakable="true">
 “[This indicates] that investments are increasing for the first time in over a year, and suggesting a favorable shift in VC sentiment for web3. In particular, AI and Gaming have garnered the most resounding revival of venture capital enthusiasm among the categories.”
</blockquote>
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/df1f4102-b416-4dc6-bec7-00c6995b206c.png" alt="" title="">
 <figcaption style="text-align: center;">
 Quarterly number of Web3 investment deals. Source: QuickNode
 </figcaption>
</figure>
Further showcasing VC interest in Web3, crypto-focused VC firm <a href="https://cointelegraph.com/news/paradigm-leads-225m-funding-solana-killer">Paradigm led a $225 million</a> funding round into Monad Labs, which is building a new layer-1 blockchain network set to compete with Solana. The round was announced on April 9.
Two of the quarter’s largest early-stage rounds included a $42 million Series B round by Berachain and a $35 million pre-seed round for 0G Labs, a data availability blockchain for AI protocols.
Seed round deals saw the most growth, up 53% quarter-on-quarter, suggesting increased interest in early-stage deals. Series A and seed funding rounds nearly doubled their capital inflows compared to the previous quarter, “reflecting VCs’ renewed willingness to invest in Web3,” according to the report.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/b623a29c-ae6b-4f96-be51-cc00fac6fdd1.png" alt="" title="">
 <figcaption style="text-align: center;">
 Quarterly number of Web3 investment deals, by round. Source: QuickNode
 </figcaption>
</figure>
Related: <a href="https://cointelegraph.com/news/analysts-150k-btc-top-10-days-before-halving">With 10 days to the halving, analysts predict $150K Bitcoin top</a>
<h2 data-ct-non-breakable="true" id="crypto-vc-interest-reignites-ahead-of-the-bitcoin-halving">Crypto VC interest reignites ahead of the Bitcoin halving</h2>
Several notable investment deals were announced in the period leading up to the <a href="https://cointelegraph.com/news/bitcoin-halving-2024">2024 Bitcoin halving</a>.
On April 9, Bitcoin layer-2 network Mezo announced the completion of a $21 million Series A funding round led by Pantera Capital. Mezo enables investors to earn yield based on the time they hold their tokens. They describe it as a “Bitcoin Economic Layer.”
On April 3, <a href="https://cointelegraph.com/news/paradigm-seeks-850-millon-for-crypto-fund">reports emerged about Paradigm</a> negotiating to raise up to $850 million for a new fund, which would make it the largest raise in the crypto industry since May 2022, when Silicon Valley-based VC firm Andreessen Horowitz <a href="https://cointelegraph.com/news/andreessen-horowitz-closes-4-5-billion-crypto-fund-amid-market-turmoil">raised a record-setting $4.5 billion</a>.<iframe width="100%" height="315" src="https://www.youtube.com/embed/m-WDEBuNoZU" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen data-ct-non-breakable="true"></iframe>
<figcaption style="text-align: center;">
 What Could Go Wrong with Bitcoin Halving? Source: <a href="https://www.youtube.com/watch?v=m-WDEBuNoZU" target="_blank" rel="noopener nofollow">Cointelegraph</a>
</figcaption>
Related: <a href="https://cointelegraph.com/news/binance-labs-shifts-focus-bitcoin-defi">Binance Labs shifts investment focus to Bitcoin DeFi</a>

Web3 investment up 55% in Q1 as crypto VC interest rebounds

Inhaltsverzeichnis

Cointelegraph

Weitere Artikel, die am 17. Apr. 2024 veröffentlicht wurden

Speaker Coverage: Adel (CEO-Founder, Trader Brawl)

Bitcoin Price Prediction: Bybit Says BTC Exchange’s Supply Will Run Out In 9 Months As Traders Tu...

Dogwifhat Price Analysis: Resistance levels for Dogwifhat are at $4.08, $4.45, and $4.86

MetaWin Announces Innovative TOKENIZED Tesla Cybertruck Contest on Ethereum’s Base Layer 2 Blockc...

Pepe, Shiba Inu, prices pump; New meme coin Dogeverse raises $6M

Exploring Bitcoin Scaling Solutions: RGB ++

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!