The post Crypto VC Funding Surges to $2.4B in Market Resurgence appeared first on Coinpedia Fintech News
The crypto industry has shown an exceptional resurgence, with VC funding rising to $2.4 billion, a 40.3% increase from the last quarter, exhibiting market resilience and potential for growth. It also displays a 44.7% rise in deal volume. The deals included $106 million raised by TogetherAI, $100 million secured by Eigenlayer, and $73 million garnered by FHE platform Zama. The rise in valuations signifies a competitive investment environment. Legal victories for Ripple and Grayscale, positive DeFi sentiments, and the approval of the spot BTC ETF in the US have rejuvenated VC investment.
