Binance – Data Insights Exploring Crypto Fundraises, 3Q 2023

Binance Research has compiled fundraise charts and insights in a report titled "Data Insights: Exploring Crypto Fundraises". Despite a downward trend in the market in 2023, there are signs of optimism as fundraising stabilizes. The market has shown resilience and maintained a steady pace of deals and investments. Gaming and infrastructure projects have contributed significantly to this sustained growth. Traditional venture capitalists (VCs) have been showing increased interest in Web3. Since the beginning of the year, the share of traditional VCs in the market has risen to 45%, narrowing the gap between traditional and Web3 investors. Hack VC is a prominent traditional VC that has diversified its investments across sectors such as gaming and infrastructure. Infrastructure projects have consistently been the top funded category for the past four quarters. The total quarterly funding for infrastructure has seen a steady rise, increasing from 26% in Q4'22 to 44% in Q3'23.