Crypto startups attract $800 million in VC backing during November

Venture superior (VC) funds invested astir $800 cardinal successful crypto startups successful November, according to DefiLlama data.

Despite signaling the fourth-best period for backing this year, the magnitude was down 8% compared to the wealth raised successful October.

Infrastructure inactive reigns

The blockchain gaming assemblage raised astir $71 cardinal successful funding, portion wide web3 projects secured $8.2 cardinal successful funding.

Monkey Tilt, an online level offering a gamified gambling acquisition fueled by crypto, raised the astir backing successful the gaming sector, with $30 million. Pantera Capital led the Series A round. 

VC funds poured implicit $583 cardinal into startups processing crypto-related infrastructure successful November, making it the assemblage with the highest funding. The 

The astir important rounds were conducted by Zero Gravity Labs, which raised $40 million, and Bitcoin miner Canaan Creative, which raised $30 cardinal successful a backstage equity offering.

DeFi climbs

Following its betterment betwixt September and October, the DeFi ecosystem saw 31% monthly backing maturation to scope $128.2 million.

USDX Money, a synthetic US dollar-pegged stablecoin issuer, conducted the largest backing round, with $45 cardinal injected by NGC Ventures, BAI Capital, Generative Ventures, and UOB Venture.

Furthermore, World Financial Liberty (WLFI) raised the second-largest magnitude done a token merchantability successful which Justin Sun, laminitis of Tron, invested $30 million. WLFI is simply a recognition marketplace backed by President-elect Donald Trump and his family.

StakeStone, a liquid staking protocol disposable successful assorted blockchains, raised $22 cardinal successful a strategical circular led by Polychain Capital.

The station Crypto startups pull $800 cardinal successful VC backing during November appeared archetypal connected CryptoSlate.