In March, venture funding in the blockchain industry continued to grow despite the temporary downturn in cryptocurrency prices.
Growth of Venture Investments in Blockchain
Blockchain startups raised $1.1 billion in February. In March, investor interest increased, as evidenced by the growing size of investment rounds and the number of investors participating.
Major March Deals in the Blockchain Sphere
A highlight in March was Across Protocol raising $41 million. Another major deal was Ribbit Capital investing $23.6 million in Crossmint. Other significant events include investments in Abound, Chronicle, and Level USD.
Innovation and Technological Developments
March saw active funding of technological initiatives in the blockchain sphere. In addition to the above, Halliday received $20 million to develop the Agentic Workflow Protocol and Validation Cloud attracted $15 million to expand Web3 infrastructure solutions.
Despite the volatility of the cryptocurrency market, increased attention from venture capitalists to blockchain startups indicates ongoing interest in innovation and industry development.
