đ Paradigm & a16z are making waves in the crypto world! Nearing $900M in funding deals for 2024, these VC giants are fueling innovation in developer tools, crypto social media, lending, and marketplaces. đ
With combined deals hitting $856M by Sept 24, they're set to push total VC funding for crypto over $1B by year-end. Key investments include Eigen Layer, Monad, and Farcaster, driving ecosystem growth.
Despite market volatility, the influx of capital is reshaping the industry, focusing on infrastructure over NFTs and gaming. Exciting times ahead! #Crypto #Blockchain #Web3