2024

World

Monkey

Gravity

Zero

Last month, crypto startups experienced substantial financial backing, securing nearly $800 million through venture capital investments. The spotlight was predominantly on companies developing crypto-related infrastructure, with $583 million directed towards facilitating utility-based presale tokens like Flockerz (FLOCK), which saw significant interest.
Per DefiLlama's data, this funding wave <a href="https://bitcoinist.com/flockerz-token-hpye-surges-amid-583-vc-investments/" rel="noopener noreferrer nofollow">represents</a> the fourth-largest financial infusion this year, despite being an 8% decline from October’s figures. Interestingly, investor confidence surged within the crypto sector following Donald Trump's election as the US president-elect, who dubs himself a 'crypto president.' This sentiment propelled Bitcoin to achieve multiple all-time highs, finally breaching the pivotal $100,000 mark. As is typical, Bitcoin's ascent prompted an uptick in interest for other crypto projects, especially those offering tangible use cases.
Blockchain-focused ventures, particularly in the decentralized finance (DeFi) and Web3 gaming sectors, capitalized on the majority of last month’s funding. DeFi enterprises saw a robust $128.2 million capital injection, marking a 31% uptick from the previous month. USDX Money, a key player in the stablecoin arena, notably bagged $45 million, with leading VC firms BAI Capital and NGC Ventures steering this substantial investment.
In parallel, the blockchain gaming sphere also thrived. Monkey Tilt emerged as a frontrunner, garnering $30 million from Pantera Capital to expand its online crypto-gambling platform. Additionally, Zero Gravity Labs secured $40 million to advance its decentralized AI operating system.
Besides these lucrative investments, crypto token sales demonstrated considerable success. Flockerz's $FLOCK token, integral to its vote-to-earn model, amassed over $5.8 million during its presale. Token holders can propose votes on diverse elements such as new features, marketing strategies, project development, token burns, and expansion initiatives.
Additionally, $WLFI attracted $30 million from Justin Sun, the founder of Tron, accumulating over $20 billion since inception. Its governance rights echo those of Flockerz but are applicable to Donald Trump's DeFi initiative, World Liberty Financial.
As 2024 concludes, crypto projects with tangible utility are gaining prominence, witnessing nearly $800 million in financial influx to fortify their infrastructures. There's increased focus on governance tokens like $WLFI and $FLOCK, reflecting investors’ appetite for decision-making authority, tangible rewards, and community engagement. As both crypto developers and investors channel their efforts into innovative, utility-driven projects, the year 2025 looks promising for those with sustainable, scalable solutions—not merely dependent on speculative enthusiasm.

Flockerz Token Rallies Following $583M Crypto Infrastructure Investment Wave

Yellow News

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