A100x Don Finish Announce $50M Fund To Support Early-Stage AI, Blockchain, And Digital Asset Startups As Market Dey Change
Money wey venture capital take support blockchain startups reach $2.4 billion for Q3 2024. This one show say e fall by 20% compared to last quarter. Small-small companies wey just start carry 85% of this money. Even as investment for gaming and Web3 side fall by 39%, startups wey mix AI and blockchain collect $188 million, wey be five times more, showing say people don dey like technologies wey work well together. Big winners for blockchain side include layer-1 projects like Exochain and Story Protocol. Another sign say big organizations still dey support am, A100x, wey be venture capital company, don start their second fund wey be $50 million. This money go help small-small startups wey focus on artificial intelligence, digital assets, and blockchain, so they go fit make new things and make people use crypto plenty-plenty. Popular startups wey collect money cover environmental asset management, decentralized AI, and ways to make blockchain work faster, showing say the area don wide. A100x move show say big organizations still get confidence for crypto and digital asset matter, even if market dey go up and down.
Bullish
Di launch of A100x $50 million money wey dem target early-stage AI, blockchain, and digital asset startups, plus wetin venture capital still dey do for these sectors, show say institution get strong belle. Even as overall blockchain venture funding drop small, di way AI-blockchain dey join hands and di big money wey dem put for foundational layer projects show say innovation no stop and crypto space still dey grow strong. Since time, when VC invest more – especially when market no sure – e don always come before ecosystem grow, new projects start, and digital assets price come better. Traders fit see dis as bullish sign for mid to long term, as new technologies and more money fit push market expand and people fit adopt am more.