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Cryptocurrency and blockchain projects have experienced a resurgence in venture capital investment after three successive quarters of decline. In the first quarter of 2024, fundraising activity continued to grow, attracting $2.49 billion through 603 deals.&nbsp; 
This marked a 29% increase in funding and a 68% rise in the number of transactions, as <a href="https://www.galaxy.com/insights/research/crypto-and-blockchain-venture-capital-q1-2024/" target="_blank" rel="noreferrer noopener">reported</a> by Galaxy Research.&nbsp; 
The increase in investments by a certain time frame corresponds to the emergence of the Bitcoin ETF and upgrades in Bitcoin layer-2 solutions and restaking. This improvement, however, is still lower than the levels at which Bitcoin exceeded $60,000.&nbsp; 
At the time of writing, the Bitcoin price was <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">$63,009.53</a> showing a 4.06 % trading volume for the last 24 hours. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/Kzz56dNIHNc7z4wZRIQJqsfALLAHbOXCwyE3JicZMr1Sk_GrEYpu5yEcGIr0s_17fxIgpRhxUZuL7ZN8dAhtWuIJ7kNJ2gM5TpcFh1ptzN_e-JH_8HnqNoPpokLQlCI6tYvpB-XJXd1ttX0giePAhAo" alt="Bitcoin Chart 24 Hours">
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 Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">Coinmarketcap BTC/USD</a>
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Nearly 80% of investments were directed towards early-stage startups, reflecting a cautious approach by funds towards high-risk late-stage firms. 
These later companies saw minimal investments from large generalist venture capital funds. The infrastructure segment received the biggest share of the sector’s investment with 24%, spurred by large rounds such as EigenLayer’s $100 million. 
The United States remains unbeatable in crypto venture capital flows, with 37.3% of the total venture deals being made.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/04/sec-delays-decision-on-bitcoin-carbon-credit-futures-etf/" target="_blank" rel="noreferrer noopener">SEC Delays Decision on Bitcoin &amp; Carbon Credit Futures ETF</a> 
</blockquote>

Crypto VC Surges in Q1 2024 with $2.49B Invested

The Crypto Times

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