Venture Capital (VC) companies operating in the cryptocurrency market shared their expectations for 2024.
Cryptocurrency-focused VC companies such as Coinbase Ventures, Galaxy Ventures, Animoca Brands announced their new year expectations. VC funds in 2023 compared to last year 68% decreasing by 33.3 billion from dollars 10.7 billion It fell to the dollar. Companies’ expectations for 2024 were more positive.
Coinbase Ventures next year increased regulatory clarity And With the maturation of the protocol infrastructure together corporate participation He stated that he will focus on opportunities to innovatively offer products that increase users’ interaction with on-chain products. The company also Base Ecosystem Fund to teams working on Base via will try to expand its support he emphasized.
Galaxy Ventures While we expect a more challenging environment in the new year, sustainable business models and regulated projects He announced that he plans to focus on general partner of Galaxy Ventures Mike Giampapa In his statement to The Block, he drew attention with the following statements:
We expect the crypto VC environment to continue to be challenging. Even successful businesses and startups will likely have to raise in flat or low rounds.
Animoca BrandsWhile we expect a healthier crypto funding environment in 2024, especially Web3 with component games artificial intelligence focused investments predicted that it could increase.
Shima Capital, HashKeyCapital And Multicoin Capital Similarly, other companies such as have emphasized that they have generally optimistic expectations for 2024 and that they aim to grow by focusing on certain areas. Among these investment areas, especially Web3, artificial intelligence, decentralized finance (DeFi) sectors such as.