After a challenging period for crypto startups, venture capital investments have seen a significant uptick in 2024. Recent reports show that VC funds have increased by nearly one-third from the end of last year. In the first three months of 2024, investments in crypto startups reached $2.5 billion, marking a 32% rise from the previous quarter and reflecting levels seen in the same timeframe last year. Leading tokens like Bitcoin and Ethereum also saw increases of over 50% during this period.

This resurgence in investments comes as crypto startups secure larger funding rounds and venture capital firms introduce new funds dedicated to digital assets. Venture capitalists had been hesitant to invest their funds during the last period of high crypto market activity in 2023 and the latter part of 2022. However, there has been a noticeable shift in this trend in the current year.

Early indicators of a prolonged bull run are evident in the current market, with renewed interest in meme coins. Venture capitalists also acknowledge the industry’s progression towards maturity, with more efforts being made to increase institutional investor engagement. Despite this progress, industry experts believe more development is necessary to enhance crypto infrastructure and attract further investment.

For more news and updates on the cryptocurrency market, visit Global Crypto News.

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