Certain sectors of the crypto ecosystem have attracted more interest than others. Cryptocurrency exchange, lending, investment and trading platforms raised 18% of venture capital, or more than $460 million. Next are Layer 1 projects, for about $440 million, then Web3/Metaverse projects, for about $360 million, then infrastructure projects for $340 million. Meanwhile, projects combining cryptography and artificial intelligence (AI) brought in around $270 million, five times more than the previous quarter, Galaxy said.
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