Web3 startups have raised more than $5.4 billion in venture capital in the first three quarters of 2024, as per data from Crunchbase’s Web3 tracker. The investment in blockchain-based companies reached $1.4 billion in the last quarter alone. Investors are focusing on emerging markets at the intersection of blockchain and artificial intelligence, with decentralized blockchain infrastructure projects also attracting significant funding. Notable funding rounds in October include Glow's $30 million for a decentralized solar grid and Nillion Network's $25 million for a decentralized privacy platform. Venture capital firms are preparing for 2025 with new funds dedicated to Web3 startups. Binance Labs invested in Moonwalk Fitness, a fitness app on the Solana blockchain, while Craftt secured $2 million for workforce benefits. Borderless.xyz raised $3 million for a global stablecoin payment network, Vixichain secured $7 million for compliance-focused blockchain, and Karpatkey received $7 million for onchain treasury management. Axal raised $2.5 million for Web3 automation, and Variational secured $10.3 million for peer-to-peer trading in customizable crypto derivatives. Read more AI-generated news on: https://app.chaingpt.org/news