There was varying levels of interest across different sectors of the crypto ecosystem. Crypto exchanges, lending, investing, and trading platforms collectively raised over $460 million, accounting for 18% of VC capital. Following closely behind were Layer 1 projects, which secured roughly $440 million, Web3/Metaverse projects at about $360 million, and infrastructure projects at $340 million. Additionally, projects that combined crypto and artificial intelligence (AI) received approximately $270 million in funding, which was five times more than the previous quarter, according to Galaxy.
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