Crypto venture capital (VC) funding had a resurgence in August, rising to $633 million, up over 15% from $550 million in July, according to DefiLlama data. This surge in VC interest was primarily captured by blockchain infrastructure development firms, signaling that VC capital is crucial for funding the continued advancement of blockchain technology.

The CEO and co-founder of on and offchain payments protocol M^0 Labs, Luca Prosperi, expects this trend of increased VC interest in blockchain infrastructure to continue. He noted that the August surge in blockchain investment indicates that VC interest is returning to the crypto industry from the artificial intelligence sector.

Showcasing the growing investor interest, VC firm Lemniscap secured a $70 million fund targeting Web3 startups in early-stage development on August 28th. This recent funding round highlights the increasing attention crypto and blockchain-based projects are garnering from venture capitalists.

Source: https://cointelegraph.com/news/crypto-vc-funding-rebounds-august

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