19 April 2024 — Crunchbase data shows that Web3 startups secured nearly $1.9 billion in Q1 2024, marking a 58% increase from the previous quarter, signaling growing investor interest in decentralized technologies.
Investors with long-term perspectives are driving this surge, prioritizing the underlying infrastructure of Web3 over previous hype-driven investments, indicating a maturing market.
Exohood Labs, EigenLabs, and Freechat garnered significant funding rounds, contributing to the rise in valuations and the emergence of new Web3 unicorns. Analysts suggest the next quarters will be pivotal in shaping the Web3 industry, with factors like regulatory approvals and market developments influencing investment trends.
Conclusion:
Monad Labs’ $225 million round led by Paradigm highlights ongoing investor confidence in layer-1 blockchain solutions compatible with Ethereum, reminiscent of past crypto funding highs. Balance and KODA’s growth in assets under custody (AUC) reflect broader market recovery, with crypto funds projected to reach substantial valuations in the coming years.
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