Web3 investment up 55% in Q1 as crypto VC interest rebounds

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The number of Web3 venture capitalist deals also rose 36% in the first quarter of the year, indicating wider interest in Web3 protocols.

The total investment in Web3 firms increased by 55% in the first quarter of 2024, signaling the return of venture capital interest in crypto.

Artificial intelligence and gaming-related Web3 protocols took the lion’s share of the investment. According to the report:

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