EddieJayonCrypto
12 Dec 24
In November, venture capital funds invested nearly $800 million in crypto startups, with blockchain gaming securing $71 million and web3 projects $8.2 million. The most significant funding, over $583 million, went to startups developing crypto-related infrastructure. The DeFi ecosystem also saw a 31...
Venture capital (VC) funds invested nearly $800 million in crypto startups in November, with infrastructure startups receiving the highest funding.
The blockchain gaming sector raised roughly $71 million in funding, while general web3 projects secured $8.2 million in funding.
The DeFi ecosystem saw 31% monthly funding growth to reach $128.2 million, with USDX Money conducting the largest funding round at $45 million, followed by World Financial Liberty raising $30 million through a token sale.
The most significant funding, over $583 million, went to startups developing crypto-related infrastructure. This marks a 31% increase in DeFi ecosystem funding compared to the previous month - reaching $128.2 million. USDX Money led the charge with a $45 million funding round, further underlining the growing strength of the DeFi sector. Additionally, World Financial Liberty raised $30 million through a token sale, endorsed by the involvement of Justin Sun, founder of Tron. StakeStone, a liquid staking protocol, also secured $22 million in funding led by Polychain Capital.