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  • Crypto VC Market ‘Tepid’ as Q3 Investments Declined 20%, Says Galaxy Digital
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Crypto VC Market ‘Tepid’ as Q3 Investments Declined 20%, Says Galaxy Digital

cryptovert October 17, 2024 1 min read

Some
sectors
of
the
crypto
ecosystem
saw
more
interest
than
others.
Crypto
exchanges,
lending,
investing
and
trading
platforms
raised
18%
of
VC
capital,
over
$460
million.
Layer
1
projects
came
in
next,
at
roughly
$440
million,
then
Web3/Metaverse
projects,
at
about
$360
million,
then
infrastructure
projects
at
$340
million.
Meanwhile,
projects
combining
crypto
and
artificial
intelligence
(AI)
took
in
about
$270
million
–
five
times
more
than
in
the
previous
quarter,
Galaxy
said.

Unsurprisingly,
the
U.S.
led
the
way
in
terms
of
investment
–
providing
56%
of
all
capital
–
and
accounted
for
44%
of
all
crypto
deals.
The
United
Kingdom
was
a
distant
second
in
terms
of
capital,
11%,
and
placed
third
in
terms
of
deals,
accounting
for
6.8%
of
them.
Singapore-based
VCs
provided
7%
of
all
capital,
but
struck
8.7%
of
all
deals.

Continue Reading

Previous: History Suggests Crypto’s Bullish Momentum Should Continue Into the U.S. Election and Afterwards
Next: The Protocol: Crypto Turns Up Nose at Trump Token Sale, ‘Gold Paper’

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