Venture capital invests $2.4 billion in crypto startups in Q1 2024

Venture capital invested $2.4 billion in cryptocurrency startups in the first quarter of 2024, signaling renewed confidence in the sector's long-term potential.

DeFi platforms and NFTs are leading the investment trends, driven by their innovative solutions and substantial return potential.

Early-stage deals are becoming more competitive, with higher valuations compared to late-stage deals.

Institutional adoption and the debut of Bitcoin (CRYPTO:BTC) ETFs are key factors increasing investor confidence and funding in the crypto market.

Despite regulatory uncertainty, the market's appeal continues to grow, attracting substantial venture capital interest.