Crypto projects expected to raise $18 billion in 2023, doubling previous averages

Crypto projects are set to raise $18 billion in 2023, nearly doubling the previous annual average. This surge in funding reflects a growing confidence among investors in the cryptocurrency market.

In a recent week, venture capitalists invested $214 million across six projects, showcasing a robust interest in the sector.

Notably, OpenAI CEO Sam Altman secured $135 million for his innovative crypto venture, further highlighting the trend of significant investments in the industry. The anticipated $18 billion in funding marks a substantial increase compared to previous years, indicating a potential shift in the market dynamics as more investors look to capitalize on the evolving landscape of cryptocurrency.

Crypto projects are projected to raise $18 billion in 2023, nearly doubling previous annual averages, as venture capitalists continue to invest heavily in the sector. Recent investments include $214 million in six projects and a $135 million round for a crypto venture led by OpenAI's CEO.