TLDR: The crypto venture capital landscape experienced a significant increase in investment projects in January 2024. There were 113 publicly disclosed investment projects, which is a 10.8% increase compared to December 2023. The total fundraising amount for January reached $650 million, indicating sustained investor interest and confidence. HashKey Group led the fundraising charge, raising nearly $100 million in its Series A round. Other notable fundraisers included Core Scientific, Flowdesk, and Sygnum.
The overall funding for Web3 in 2023 amounted to $9.043 billion, with different sectors experiencing varying levels of success. Investment focused on enterprise infrastructure, digital wallets, decentralized exchanges (DEX), derivatives, and Real World Assets (RWA). The number of developers in the crypto space increased by 66%, with Ethereum leading the way. DeFi, Layer 1/Layer 2 solutions, and GameFi remained popular, while compliance and social sectors gained significance.
