VC Investment in Crypto Startups Surges in August to $634 Million
CryptoNewsTerminal Staff02 Sep, 2024
VC Investment in Crypto Startups Surges in August to $634 Million
Crypto startups are experiencing a surge in venture capital (VC) investment. In August alone, VC invested a substantial $634 million in these startups, showcasing a 15% increase from the previous month of July. This increase in funding highlights the growing interest in the crypto industry, particularly in blockchain infrastructure projects. These projects, which form the backbone of the crypto ecosystem, have garnered significant attention and funding. Projects focused on blockchain infrastructure attracted the most funding with $460 million raised. This indicates the growing importance of building robust and scalable infrastructure to support the growth and adoption of cryptocurrencies and blockchain technology.
