Volume of Venture Investments in Crypto-centered Firms Jumps by 179%
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In his blog, journalist Colin Wu reported that cryptocurrency companies had received a staggering 179% increase in venture funding in November 2023 compared to the previous month.
According to data from RootData, the total amount went up from $430 million to $1.2 billion. A total of 93 projects received investments during the month, which is a 22% increase from October’s 76 projects.
Infrastructure solutions made up about 30% of the total funding, while DeFi accounted for approximately 13%, CeFi for 8%, and NFT/GameFi for 7%.
The average monthly investment amount saw a significant increase of 76% in November.
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