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Web3 Firms Attract $6 Billion in VC Funding This Year

Venture capital (VC) funding in Web3 projects has gone up in 2024, reaching a total of $6 billion as the crypto markets have made a significant comeback. With over $600 million invested in October alone, VC interest in Web3 innovations remains strong, and analysts are expecting even more investments as the year concludes.

Crunchbase’s Web3 Tracker points out a particularly active third quarter during which VCs poured $1.4 billion into Web3 ventures. A lot of this funding has been directed to…

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