Web3 investment increases by 55% in the first quarter of 2024
Key Takeaways
- The total investment volume of Web3 companies increased by 55% in the first quarter of 2024, and the number of venture deals also increased by 36%.
- AI and gaming within Web3 have seen a particularly strong resurgence in funding.
- Significant investments in the quarter included a $35 million pre-seed round for 0G Labs and a $27 million seed round for Avail, reflecting growing interest in blockchain technology and its applications.
There were significant achievements in the first quarter of 2024. The revival of venture capital (VC) Total investment volume increases by 55% to fund Web3 companies.
Compared to the last quarter of 2023, this period Web3 venture deals increased 36%.
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Recent Q1 on-chain analysis suggests a positive shift in VC sentiment towards Web3 technology. The AI and gaming sectors have seen a particularly strong resurgence in funding.
The report points out:
The Series A and Seed funding rounds significantly increased capital inflows, nearly doubling the amount raised in the previous quarter. This reflects VCs’ renewed willingness to invest in web3.
quarter saw Significant initial investment, It includes a $35 million pre-seed investment in 0G Labs, which focuses on blockchain solutions for AI applications, and a $100 million investment in cryptocurrency startup EigenLayer, a re-staking protocol for Ethereum.
These investments demonstrate continued growth in interest in blockchain technology and create a promising atmosphere for future growth and innovation in the field.
The second quarter has already seen significant investments in Web3, including $18 million raised in Series A funding for Puffer, Ethereum’s liquid re-staking protocol.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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