Crypto Fundraising Spikes 264% with Animoca Brands as the Lead

Quick Summary:

Months after the Terra Luna collapse in Q2 2022, the pace of crypto fundraising slowed, falling below $3 billion—a level it has yet to regain.

October 2024, however, marked a bullish trend by reaching a 28-month peak with $2.45 billion in total fundraising.

The social sector came next, raising $578.15 million, followed by blockchain infrastructure at $265.3 million, DeFi at $143.2 million, and GameFi at $102.85 million.

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Article Details

Author / Journalist: Pratiksha

Category: Crypto

Markets: United Arab EmiratesHong Kong

Topics: Market News Web3 Animoca Brands Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:53:53 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23435097

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 3 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 17 hours ago

Coverage Areas: United Arab Emirates

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News Language: English

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Publisher ID: #125

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