The post Crypto funding surpassed $9.3B in 2024, boosted by merger deals and large private rounds appeared on BitcoinEthereumNews.com.

After record funding rounds in December, crypto projects wrapped up a successful year of funding. The whole of 2024 mostly repeated the performance of 2023 but with a shift in the types of deals and funding targets.  Crypto funding for the whole of 2024 reached $9.33B, with minimal growth compared to 2023. However, the deal profile and size shifted, as VC funds mixed early-stage seed rounds with advanced, undisclosed, and private funding. While Tier 1 funds secured large-scale funding, Animoca Brands was the leader in the number of completed deals. After an active year, Animoca Brands completed 106 rounds as a participant, becoming the lead VC in 20 rounds. In the past year, a total of 1,535 projects were disclosed, a 26.1% increase from the previous year. The final results for the year may change slightly, as not all rounds are disclosed in the same month. The crypto funding landscape tracked the overall outflow of funding. VC backers were also more selective about their deals, both in crypto and general investments. Based on the methodology of RootData, the final tally for the year is relatively lower, though it includes some of the large merger deals. Other methodologies measured up to $13.6B in funding, calculated through the methodology of Galaxy Research.  Funding may continue to grow in the coming months, expecting a total of $18B for the year. The VC funding levels are still comparatively lower, not reaching the levels of 2022, when even quarterly funding exceeded $10B at the peak of the market.  Web3 funding retains a large market share A mix of inertia and legitimate projects expanded the share of Web3 deals. In the past 12 months, a total of 276 general Web3 projects received funding. DeFi was the biggest sector, with 375 projects. Only 88 centralized projects caught…

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Filed under: News - @ January 2, 2025 8:23 pm