Several big deals drove almost half of web3 venture capital activity in Q3 this year, according to research from Galaxy Digital published this week.
VCs invested $4.65 billion into crypto-focused startups and private companies across 415 deals during the period, a 290% jump from Q2, though activity is still below 2021-2022 levels, the report notes. The growth was mainly driven by later-stage companies, showing that capital continues to consolidate around established companies rather than early startups.
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