Crypto Venture Investments Fall 20% in Q3, AI Startups Defy Trend — TradingView News
Venture capital investment in the crypto sector declined in the third quarter of 2024, following a persistent downtrend that began earlier this year. However, while overall numbers were down, early-stage startups in AI and blockchain infrastructure got most of the investments.
According to a report by Galaxy, the total venture capital investment in crypto and blockchain-focused startups reached $2.4 billion in Q3 2024, a 20% decline from the previous quarter. Similarly, the number of deals fell by 17%, with 478 deals completed.
Venture Capital Investments
This dip in activity is partly due to the ongoing sluggishness in the broader crypto market, which has been focussing on two extremes, Bitcoin on one end and meme coins on the other, but…
