🚀 Crypto News! 🚀
🔹 Lemniscap has just raised $70M for a new fund targeting early-stage Web3 startups. The fund will invest in zero-knowledge infrastructure, consumer applications, the Bitcoin ecosystem, security, and DePIN.
🔹 The fund is backed by Accolade Partners, known for investing in early-stage blockchain projects. Lemniscap has invested in over 130 Web3 projects since 2017.
🔹 In 2024, the Web3 startup ecosystem is resurgent after a tumultuous 2023 with multiple bankruptcies and regulatory uncertainty.
🔹 According to Pitchbook, crypto startups raised $2.7B in Q2 of this year, despite a 12.5% drop in transactions. 2024 is expected to surpass $10.8B in investments.
💬 What do you think about this revival? Comment now! 👇
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