Web3 Startups Raised $1.1 Billion in Venture Funding in July

IconCryptoNewsTerminal Staff01 Aug, 2024

cryptonews.jpg

Web3 Startups Raised $1.1 Billion in Venture Funding in July

Web3 startups are on a roll, raising a whopping $1.1 billion in venture funding in July alone. This surge in investment is a testament to the growing excitement and interest in this new and innovative sector. According to data from Cointelegraph, there were 118 funding rounds in July, with notable deals going to Hyperbolic, zkLink, and more. These startups are building a wide range of products and services, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and beyond. This influx of funding is a clear sign that investors are betting big on the future of Web3. As more and more people learn about the benefits of this new technology, we can expect to see even more investment and innovation in this space.

Related News