TLDR:
- Crypto venture capital funding surpassed $1 billion for the second consecutive month, with $1.02 billion in April.
- Blackrock led a $47 million investment in real-world asset tokenization pioneer, Securitize.
Article Summary
In a remarkable streak, crypto venture capital funding has exceeded $1 billion for the second consecutive month, with April seeing a total of $1.02 billion invested in the industry through 161 rounds. This follows closely behind March’s record-breaking $1.09 billion from 186 rounds, marking a significant milestone reminiscent of the funding streak in late 2022.
A standout fundraiser was Securitize, a pioneer in real-world asset tokenization, which received a groundbreaking $47 million investment led by Blackrock. Additionally, a new layer-1 blockchain called Monad, dubbed as a potential “Solana killer,” secured a monumental $225 million backing from Paradigm and Coinbase Ventures.
Blockchain infrastructure firms have been the prime beneficiaries this year, acquiring $1.7 billion in venture capital funding, followed closely by decentralized finance protocols at $626 million. Surprisingly, decentralized autonomous organizations have only secured $3 million so far in 2024.
With over $3.67 billion already invested in the industry through 604 funding rounds, 2024 is set to surpass the impressive $9.3 billion raised in 2023. This trend shows ongoing trust from investors who view crypto as a good long-term investment, potentially driving prices higher in the future.
