{"id":2979,"date":"2024-08-16T08:22:53","date_gmt":"2024-08-16T08:22:53","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=2979"},"modified":"2024-08-16T08:22:57","modified_gmt":"2024-08-16T08:22:57","slug":"crypto-startups-secure-25-more-funding-in-q2","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/","title":{"rendered":"Crypto Startups Secure 25% More Funding in Q2"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Key Points:<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In Q2 2024, crypto startups secured $2.7 billion, with infrastructure projects leading the way at $685 million.<\/li>\n\n\n\n<li>Venture capital investment has decelerated from the peaks of 2021-2022, totaling $10.1 billion so far in 2023.<\/li>\n\n\n\n<li>Notable funding rounds included $150M for Farcaster and $140M for Zentry, emphasizing growth in the social media and gaming sectors.<\/li>\n<\/ul>\n\n\n\n<p>In Q2 2024, crypto startups secured an impressive $2.7 billion in venture capital funding, a 2.5% rise from the previous quarter, according to Pitchbook. Although the total number of deals declined by 12.5%, this indicates a strategic shift\u2014fewer deals, but with significantly larger investments.<\/p>\n\n\n\n<p>Pitchbook also highlighted a growing positive sentiment among investors toward crypto, with the data showing a clear focus on high-value projects that attracted substantial funding.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Crypto Infrastructure Leads Q2 with $685M; Social Media and Gaming Gain Ground<\/h4>\n\n\n\n<p>Infrastructure projects dominated attention in Q2, underscoring their crucial role in the crypto industry. Monad, a layer-1 platform, secured an impressive $225 million in a Series A round, while BeraChain, a DeFi protocol with a proof-of-liquidity model, raised $100 million in its Series B round. Additionally, Babylon, a Bitcoin restaking platform, brought in $70 million in early-stage funding. Together, these projects attracted a total of $685 million, emphasizing the significance of infrastructure in shaping the future of crypto.<\/p>\n\n\n\n<p>Two major funding rounds also stood out this quarter. Farcaster, a decentralized social media protocol, achieved a $1 billion valuation after raising $150 million in its Series A round. Zentry, a blockchain gaming platform, followed closely with $140 million in early-stage funding. These investments reflect the increasing interest in social media and gaming within the blockchain space.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Crypto Venture Funding Slows in 2023 After Record Highs in 2021-2022<\/h4>\n\n\n\n<p>Venture capital funding in crypto has slowed compared to the peaks of 2021 and 2022, which saw $25.3 billion and $29.4 billion raised, respectively. Despite this, Q2 showed strong performance, with 2023 investment totaling $10.1 billion so far and projections pointing to $10.8 billion by year-end. Early-stage funding is becoming increasingly competitive, while later-stage rounds have seen a decrease in activity.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Blockchain Investments Top $102B; New Funds Aim to Raise $1.85B<\/h4>\n\n\n\n<p>Since June 2014, the blockchain industry has attracted over $102 billion through 5,400 funding rounds, as reported by DefiLlama. Pantera Capital and Paradigm are leading the charge in raising fresh capital, with Pantera targeting $1 billion and Paradigm aiming for $850 million. These initiatives are injecting significant new funds into the crypto market, driving further growth and innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Points: In Q2 2024, crypto startups secured an impressive $2.7 billion in venture capital funding, a 2.5% rise from the previous [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2980,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,16],"tags":[],"class_list":["post-2979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-venture-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Startups Secure 25% More Funding in Q2 - Crypto Funding<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Startups Secure 25% More Funding in Q2 - Crypto Funding\" \/>\n<meta property=\"og:description\" content=\"Key Points: In Q2 2024, crypto startups secured an impressive $2.7 billion in venture capital funding, a 2.5% rise from the previous [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Funding\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-16T08:22:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-16T08:22:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2024\/08\/Canva-2-e1723796558936-1024x707.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Crypto Funding Reporter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Funding Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/\"},\"author\":{\"name\":\"Crypto Funding Reporter\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d\"},\"headline\":\"Crypto Startups Secure 25% More Funding in Q2\",\"datePublished\":\"2024-08-16T08:22:53+00:00\",\"dateModified\":\"2024-08-16T08:22:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/\"},\"wordCount\":391,\"publisher\":{\"@id\":\"https:\/\/cryptofunding.vc\/#organization\"},\"articleSection\":[\"News\",\"Venture Capital\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/\",\"url\":\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/\",\"name\":\"Crypto Startups Secure 25% More Funding in Q2 - Crypto Funding\",\"isPartOf\":{\"@id\":\"https:\/\/cryptofunding.vc\/#website\"},\"datePublished\":\"2024-08-16T08:22:53+00:00\",\"dateModified\":\"2024-08-16T08:22:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptofunding.vc\/crypto-startups-secure-25-more-funding-in-q2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptofunding.vc\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Startups Secure 25% More Funding in Q2\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptofunding.vc\/#website\",\"url\":\"https:\/\/cryptofunding.vc\/\",\"name\":\"Crypto Funding\",\"description\":\"We connect Crypto, Web3, Blockchain startups &amp; 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