CandleFocus Crypto venture funding hits $860 million in October, highest in over 6 months
2024-11-06
Author: Content Editor
Venture capital funds invested $860 million in crypto startups in October, marking a 30% increase from September and the highest amount since April. Investments in the blockchain gaming sector also saw significant growth, reaching over $110 million, with Azra Games receiving the largest funding round of $42.7 million. Infrastructure solutions attracted the most VC investments, with Blockstream and Yellow Card receiving substantial funding rounds of $210 million and $33 million respectively. The DeFi sector also recovered, securing $98 million in funding, with Solv and Variational receiving the most significant investments of $11 million and $10.3 million respectively.
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