- Top crypto venture capitalists express optimism for 2024’s funding landscape.
- Bullish sentiments were on gaming and AI with web3 components, attracting investments.
- There are also expectations for new players in neobanks, DeFi, payment apps, and DEXs
Crypto funding faced a challenging year in 2023, experiencing a sharp 68% decline to $10.6 billion compared to the previous year’s $33.2 billion. Despite this setback, in a recent interview with The Block, top crypto venture capitalists are expressing optimism about the funding landscape in 2024.
Coinbase (NASDAQ:COIN) Ventures, a major player in the crypto exchange realm, remains “increasingly optimistic” about 2024. The firm anticipates global growth driven by regulatory clarity, maturing protocols, and innovation.
Meanwhile, Galaxy Ventures, led by investor Mike Novogratz, stays vigilant yet committed to early-stage projects. General Partner Mike Giampapa acknowledges ongoing challenges, hinting at potential funding constraints leading to flat or down rounds. Moreover, the firm eyes on industry consolidation through mergers and acquisitions.
Hong Kong-based Animoca Brands paints a “very optimistic” picture, foreseeing…
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