Venture capital (VC) funds invested nearly $800 million in crypto startups in November, according to a report from DefiLlama. data.
Despite recording the fourth best month for funding this year, the amount was down 8% from the money raised in October.
Infrastructure is still dominant
The blockchain gaming sector attracted approximately $71 million in funding, while public web3 projects received $8.2 million in funding.
Monkey Tilt, an online platform that offers a gamified gambling experience, raised the most funding in the gaming sector with $30 million. Pantera Capital led the Series A round.
More than $583 million in VC funding poured into startups developing crypto-related infrastructure in November, making it the most funded sector. particle for direct object
The most significant round was led by Zero Gravity Labs, which raised $40 million Bitcoin miner Canaan Creative, which raised $30 million in a private equity offering;
The temperature rises
After recovering between September and October, the DeFi ecosystem saw a 31% month-on-month growth in funding to $128.2 million.
USDX Money, a US dollar-based synthetic stablecoin issuer, raised its largest funding round with $45 million led by NGC Ventures, BAI Capital, Generative Ventures and UOB Venture.
Additionally, World Financial Freedom (WLFI) raised the second largest amount through a token sale where Justin Sunthe founder Theroninvested 30 million dollars. WLFI is a credit market sponsored by the President-elect Donald Trump and his family
StakeStone, a liquid staking protocol available on multiple blockchains, raised $22 million in a strategic round led by Polychain Capital.
