The number of Web3 venture capitalist deals also rose 36% in the first quarter of 2024, indicating wider interest in Web3 protocols.
The total investment in Web3 firms increased by 55% in the first quarter of 2024, signaling the return of venture capital (VC) interest to crypto.
In addition to an increase of over 55% in total investment, the number of Web3 VC investment deals rose 36% in the first quarter of 2024 compared to the previous quarter, according to a Q1 on-chain report by QuickNode and Artemis.
Artificial intelligence (AI) and gaming-related Web3 protocols took the lion’s share of the investment. According to the report:
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Source: https://cointelegraph.com/news/web3-investment-up-55-q1-crypto-vc-interest-rebounds