According to a report by “The Block Research,” investment in cryptocurrencies and blockchain has surpassed a historic milestone, with total funding exceeding $90 billion. This surge in investment is supported by over 50 transactions this month, reflecting steady growth in the sector since “The Block Research” began tracking finances in 2017. John Dantoni, Director at “The Block Research,” emphasized that while venture capital funding is not dramatic, it is steadily increasing, pointing to promising developments in the blockchain space.
The Block Research categorizes new investments into several key areas: web3, infrastructure, decentralized finance (DeFi), NFTs/gaming, crypto financial services, and more, showing a diverse interest across the blockchain ecosystem. So far, the year has seen 230 deals, amassing nearly $1.3 billion, indicating a healthy distribution of funds across various blockchain innovations. Notably, significant portions of these investments are directed towards DeFi, infrastructure, NFTs/gaming, and web3 projects, signaling investor confidence in these particular sectors.
The investment landscape of 2024 demonstrates a concentrated approach by venture capitalists and investors toward emerging blockchain technologies. Prominent companies such as Animoca Brands and Polychain Capital are actively participating in funding rounds, while Anatoly Yakovenko, co-founder of Tether and Solana, has made significant contributions to the crypto payment company Oobit. Dantoni notes an increase in pre-seed/seed investment activities, particularly by Asian VCs, reflecting strategic positioning by investors anticipating the arrival of a new digital asset cycle. This highlights a vibrant and evolving blockchain investment environment.
