Web3 Startups Raised $1.1 Billion in July

IconCryptoNewsTerminal Staff01 Aug, 2024

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Web3 Startups Raised $1.1 Billion in July

Web3 startups continue to attract significant investment, with $1.1 billion raised in July alone. According to Cointelegraph, 118 funding rounds took place during the month, including notable deals for Hyperbolic, zkLink, and others. This latest funding surge highlights the growing momentum behind Web3, as startups in this space develop decentralized applications and protocols that leverage blockchain technology. The funds raised in July will help these companies scale their operations, expand their teams, and bring their products and services to market.

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