Venture Capital Returns

Cryptocurrency venture firms raised over $2.2 billion in August. The leaders in the space include ParaFi Capital with $120 million, Borderless Capital with $100 million, and Hack VC with $77 million.

Many firms, including Dragonfly Capital, are actively seeking capital, indicating optimism in a “challenging market.”

Borderless Capital partner Alvar Gracia noted the resilience of the DePIN sector to bearish trends and its significant potential to transform Web2 industries.