Odaily Planet Daily News According to estimates by research firm PitchBook, venture capitalists are expected to invest about $12 billion in crypto projects in 2024. Although VCs have supported application-layer startups such as Coinbase in previous bull markets, PitchBook said that this year supporters will return to basic projects. "We haven't seen any applications get such large investments in this cycle," said Robert Le, a cryptocurrency analyst at Pitchbook. Instead, venture capital firms are focusing on infrastructure projects. Venture capital funds received in the cryptocurrency field in the first quarter increased 40% from the previous quarter to $2.4 billion. (DL News)