Crypto Funding Hits Record High: $1.9B Surge!

Crypto Venture Funding

Crypto companies experienced a rise in venture funding, notably with a $225 million investment in Wormhole, an open-source blockchain development platform. According to a market research platform's insights, the venture funding for crypto-related companies reached $1.9 billion in the fourth quarter of 2023, marking a 2.5% increase from the third quarter. This rise is significant as it represents the first increase in venture capital investments in crypto startups since March 2022.