🚀 Crypto VC Funding Takes a Dip, But There's a Silver Lining! 🌟
Crypto venture capital funding dropped 20% to $2.4B in Q3, thanks to a "barbell market" where Bitcoin and high-risk memecoins stole the show, leaving mid-tier projects in the dust, says Galaxy Digital.
- Funding fell, deals decreased by 17% to 478.
- Despite the dip, it's a 21.5% increase from Q3 2023.
- Bitcoin ETFs and memecoins are hogging the spotlight.
- Early-stage deals grabbed 85% of the capital.
AI-integrated crypto firms like Sentient, CeTi, and Sahara AI raised big bucks. U.S. firms led the charge, followed by Singapore and the UK.
Will Q4 see a rebound? Drop your thoughts below! 💬