Blockchain-based startups raised $1.4 billion in the third quarter, bringing investments year-to-date to over $5.4 billion.
Web3 startups have raised over $5.4 billion in venture capital during the first three quarters of 2024, according to data from Crunchbase’s Web3 tracker.
Capital poured into blockchain-based companies stood at $1.4 billion in the last quarter alone.
Investors are increasingly targeting emerging markets at the intersection of blockchain and artificial intelligence, while projects focused on decentralized blockchain infrastructure have also drawn substantial capital flow recently.
October’s funding highlights include Glow’s $30-million raise to develop a decentralized solar grid and the Nillion Network’s $25-million funding round to advance its decentralized privacy platform.
