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⛓️ Crypto🟢 BullishImportance 6/10
VC ‘spray-and-pray era over’ as crypto startups raise $883m in February
🤖AI Summary
Venture capitalists invested $883 million into crypto startups during February despite ongoing market challenges. The funding suggests continued institutional confidence in the crypto sector, with VCs moving away from the previous 'spray-and-pray' investment approach to more selective strategies.
Key Takeaways
- →Crypto startups raised $883 million in venture funding during February according to DefiLlama data.
- →Investment activity continued despite broader market downturn conditions.
- →The 'spray-and-pray era' of VC investing in crypto appears to be ending.
- →VCs are adopting more selective and strategic approaches to crypto investments.
- →Institutional appetite for crypto startups remains resilient amid market volatility.
#venture-capital#crypto-funding#startups#investment#defi-llama#february-2024#market-downturn#institutional
Read Original →via DL News
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