Blockchain startups raised $1.4 billion in the third quarter of 2024, bringing the total investment to over $5.4 billion. Investors are focusing on the intersection of blockchain and artificial intelligence, as well as decentralized infrastructure. In October, Glow raised $30 million for developing a decentralized solar network, while Nillion Network secured $25 million for its privacy platform.
Venture firms are gearing up for 2025 by creating new funds. Gate Ventures and Boon Ventures launched a $20 million fund for Web3 startups, while Dragonfly Capital is raising $500 million for its fourth crypto fund.
