November crypto VC funding soars to $1.2b, surpassing yearly average
crypto November crypto VC funding soars to $1.2b, surpassing yearly average Balita ng Ethereum ng Bitcoin November witnessed an extraordinary leap in the crypto venture capital sector, with funding reaching an unprecedented $1.2 billion. The increase represents a 179% jump from Octobers $430 million and a 90% increase year-over-year from $630 million. A deeper dive into RootData‘s analysis reveals an interesting dynamic in the number of investment ventures. November saw 92 investment projects in the crypto sphere, marking a 21% rise from October’s 76 projects. However, this number reflects a 17% drop compared to the 111 projects in November of the previous year. The distribution of investments across various sectors within the crypto market also saw notable trends. Infrastructure projects garnered the lions share of funding, claiming about 30% of the total investment. The projects were followed by defi initiatives, which attracted approximately 13% of the total investment. Highlighting significant funding events, Phoenix Group, an Abu Dhabi-based enterprise specializing in Bitcoin mining and custody services, successfully raised $370 million through an IPO. Phoenix Groups IPO will go live on the Abu Dhabi Securities Exchange on Dec. 5th. ???????? Tomorrows the big day! Join us in spirit as Phoenix Group ushers in a groundbreaking era with our IPO Bell




