Total investment in Web3 companies increased by 55% in the first quarter of 2024, signaling the return of venture capital (VC) interest to the crypto market. In addition to a more than 55% increase in total investment, the number of Web3 VC investment deals increased by 36% in Q1 2024 compared to the previous quarter, according to a Q1 on-chain report from QuickNode and Artemis.
Investments are increasing for the first time in over a year and suggesting a favorable shift in venture capital sentiment towards web3. This shows the growth potential of Web3 ecosystems like RACA, which has been creating several tools to boost the full disruptive potential of this new, expanding sector.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
