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Web3 raises $5.40 billion in first three quarters of 2024

According to Crunchbase's Web3 tracker, Web3 startups raised more than $5.40 billion in venture capital in the first three quarters of 2024. Investors are increasingly targeting emerging markets at the intersection of blockchain and artificial intelligence, while projects focused on decentralized blockchain infrastructure are also attracting significant inflows. In the last quarter alone, the influx of capital into blockchain companies reached $1.40 billion. Additionally, October funding highlights include Glow raising $30 million to develop a decentralized solar grid and Nillion Network raising $25 million to advance its decentralized privacy platform.