**Crypto VC Funding Rebounds in August**

Crypto venture capital (VC) funding is making a comeback, with August seeing a rise to $633 million, up over 15% from July's $550 million, according to DefiLlama. Most of this renewed interest is focused on blockchain infrastructure development.

Luca Prosperi, CEO of M^0 Labs, noted that VC interest spans various levels of blockchain tech, from infrastructure to applications. This shift comes as VC attention moves from the crowded AI sector back to crypto.

Highlighting this trend, Lemniscap launched a $70 million fund for early-stage Web3 startups. However, real-world use cases are still needed to attract more investment in blockchain applications.