TLDR:
VC funds invested $481 million in crypto startups in June. Infrastructure solutions received the most funding, followed by DeFi and blockchain gaming.
Summary:
In June, crypto startups received $481 million in VC funding, a 38.2% decrease from May. Infrastructure solutions dominated with $331 million, while DeFi and blockchain gaming saw increased investment. The total raised is significantly lower compared to March when the crypto sector saw a peak in funding. Avail and M^0 were among the top startups receiving funding in the infrastructure and DeFi sectors, respectively. Renzo and The Sandbox also saw significant investments in the DeFi and blockchain gaming sectors. Web3-general applications, however, experienced a decrease in funding compared to the previous month.
