"Investments in Web3 companies grew by 55% in the first quarter of 2024, indicating a return of venture capital interest in cryptocurrency. 📈 Web3's artificial intelligence and gaming protocols received the majority of investment. Crypto-focused venture capital firm Paradigm led a $225 million funding round in Monad Labs building a new blockchain network. Two of the largest early rounds included $42 million from Berachain and $35 million from 0G Labs. In anticipation of Bitcoin's 2024 cut, interest in crypto VC is renewed."