Web3 Firms Attract $6 Billion In VC Funding This Year

11/6/2024 2:05:02 PM

(MENAFN- Investor Brand Network) Venture capital (VC) funding in Web3 projects has gone up in 2024, reaching a total of
$6 billion
as the crypto markets have made a significant comeback. With over $600 million invested in October alone, VC interest in Web3 innovations remains strong, and analysts are expecting even more investments as the year concludes.

Crunchbase's Web3 Tracker points out a particularly active third quarter during which VCs poured $1.4 billion into Web3 ventures. A lot of this funding has been directed to...

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