Venture capital (VC) funds invested nearly $800 million in crypto startups in November, according to DefiLlama. data.
Despite recording the fourth-best month for fundraising this year, the amount was down 8% compared to October.
Infrastructure remains dominant
The blockchain gaming division has raised around $71 million in funding, while the generic Web3 project has secured $8.2 million in funding.
Monkey Tilt, an online platform that offers a gamified gambling experience using cryptocurrencies, has raised the most funding in the gaming space, raising $30 million. Pantera Capital led the Series A round.
VC funds poured more than $583 million into startups developing crypto-related infrastructure in November, making it the sector that attracted the most funding. of
The most significant round was conducted by Zero Gravity Labs, which raised $40 million. Bitcoin miner Canaan Creative has raised $30 million in a private equity offering.
Rise of DeFi
After recovering from September to October, the DeFi ecosystem saw a 31% increase in monthly funding, reaching $128.2 million.
USDX Money, a synthetic USD-pegged stablecoin issuer, has raised its largest funding round with a $45 million infusion from NGC Ventures, BAI Capital, Generative Ventures, and UOB Venture.
Furthermore, World Financial Liberty (WLFI) raised the second largest amount through a token sale in which Tron founder Justin Sun invested $30 million. WLFI is a credit marketplace backed by President-elect Donald Trump and his family.
StakeStone, a liquid staking protocol available on various blockchains, has raised $22 million in a strategic round led by Polychain Capital.
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