The total amount of financing in the encryption market in the first week of 2024 is US$76 million, and the Web3 field leads the trend
At the beginning of 2024, the encryption market will usher in a new round of investment and financing climax. According to data from Mars Finance, between December 30, 2023 and January 5, 2024, there were a total of 8 investment and financing events, with a total financing amount of approximately US$76 million. This week’s focus is on the Web3 field, with tens of millions of dollars in financing attracting market attention.
The only highlight of tens of millions of dollars in financing
Among this week’s investment and financing events, the only $10 million-level financing came from the artificial intelligence startup Perplexity, which completed Series B financing, raising $73.6 million, and its valuation reached $520 million. This financing was led by IVP, and investors include Coinbase, Robinhood, NEA, NVIDIA, and Jeff Bezos’ Bezos Expeditions Fund.
Investment and Financing Distribution
In terms of subdivisions, there was 1 financing in the infrastructure field, 2 in the DeFi field, 0 in the asset management field, 0 in the chain games and NFT fields, and 4 in the Web3 field. Compared with last week, the number of investment and financing transactions in the crypto market dropped slightly this week.
Web3 field attracts attention
The Web3 field performed well this week, with four financing events including DePIN’s PowerPod project completing a $1 million seed round, and Abyss World receiving additional strategic round financing from 2Moon Capital. The financing from these projects will be used to promote the development of shared charging pile networks and meta-game matrices, which has aroused the market's keen attention to the Web3 concept.
Project debuts and undisclosed financing
In addition to Perplexity, the Bitcoin data availability layer project Nubit completed angel round financing, and Bracket Labs completed a $2 million seed round of financing. DEX Copycat, incubated by Binance Labs, received strategic investment from Openpad and is valued at US$60 million. However, it is worth noting that the specific financing amounts of the Bitcoin data availability projects Nubit, Copycat Finance, Abyss World and the Ethereum smart contract automatic execution tool Gelato have not been announced.
Looking to the future
Although the number of investment and financing transactions dropped slightly this week, the financing performance in the Web3 field was significantly eye-catching. As blockchain technology continues to develop, the encryption market will still be full of opportunities in 2024. Investors and entrepreneurs will pay close attention to industry trends, looking for the next disruptive project, and painting a more brilliant picture for the future encryption world.
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