Crypto Startups Raise $201.4M, Focus Shifts to Infrastructure

Crypto startups raised $201.4M, focusing on infrastructure, while Bitcoin dropped amid broader market caution.

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Crypto Startups Raise $201.4M, Focus Shifts to Infrastructure

Crypto Startups Raise $201.4M, Focus Shifts to Infrastructure
Crypto startups raised $201.4 million last week, with a significant portion directed towards infrastructure, including Futureverse's metaverse and RISC Zero’s ZK tools. Michael Moro, former CEO of Genesis, now leads Ankex derivatives exchange. Google Cloud is further supporting Web3 initiatives by providing funding to builders. Despite this, Bitcoin experienced a 3.1% drop amid a broader risk off sentiment following recent jobs data.