TLDR:
- Venture funding for crypto startups hit $1 billion in April, focusing on tokenization, Web3 infrastructure, and institutional demand during the bull market.
- Key trends include decentralized infrastructure, solutions for institutional adoption, and the ‘tokenization of everything’.
Venture funding for crypto startups soared to over $1 billion in April, marking the second consecutive month above that mark this year with 161 investment rounds. Investors are showing renewed interest amid the bull market, with a focus on key trends such as decentralized infrastructure, solutions for institutional adoption, and the ‘tokenization of everything.’ HashKey Capital partner Xiao Xiao discussed the firm’s investment priorities, highlighting a focus on primary and liquid investments. One area of interest is the convergence of artificial intelligence and blockchain technology, offering enhanced data analytics and market insights.
Recent funding rounds include Polymarket’s $70 million raise, backed by prominent investors, and Humanity Protocol becoming a unicorn after a $30 million raise. Startups that raised capital in May include Colosseum, Volta Circuit, Hemera, Zeta Markets, Moso, Crestal Network, and Zest Protocol, each receiving significant funding for their innovative projects in the crypto space.
