Crypto VC Investments Surge in March, Topping $1 Billion

IconCrypto News Terminal25 Apr, 2024

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Crypto VC Investments Surge in March, Topping $1 Billion

March 2023 witnessed a surge in crypto venture capital (VC) investments, reaching the highest level in 12 months with 161 deals. The total invested amount surpassed $1 billion, marking a significant 52% increase compared to February. Despite April still being in progress, it has already seen 90 investment deals, with the total investment amount exceeding $820 million. In terms of categories, developer tools, artificial intelligence (AI), layer 2 solutions, decentralized autonomous organizations (DAOs), and non-fungible tokens (NFTs) attracted the most investment. **Previously on [date], [one liner summary of previous news].**