Crypto venture funding hits $860 million in October, highest in over 6 months
Venture capital (VC) funds invested $860 million in crypto startups last month, a 30% leap from the amount registered in September and the highest since April’s $954 million earlier in the year, according to DefiLlama data.
Investments in the blockchain gaming sector surpassed $110 million, growing for the third consecutive month by showing a significant 75% leap between September and October.
The mobile gaming studio Azra Games conducted the largest funding round in this sector, receiving $42.7 million from Pantera Capital, a16z Crypto, and NFX.
Infrastructure dominance
Infrastructure solutions secured the most prominent VC investments, with $609 million in venture money pouring into the sector, up 33% from September.
Bitcoin-focused…
