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Web3 Firms Attract $6 Billion in VC Funding This Year

Venture capital (VC) funding in Web3 projects has gone up in 2024, reaching a total of $6 billion as the crypto markets have made a significant comeback. With over $600 million invested in October alone, VC interest in Web3 innovations remains strong, and analysts are expecting even more investments as the year concludes.

Crunchbase’s Web3 Tracker points out a particularly active third quarter during which VCs poured $1.4 billion into Web3 ventures. A lot of this funding has been directed to…

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NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL

About Web3MediaWire

Web3MediaWire (“W3MW”) is a specialized communications platform with a focus on the next generation of internet technologies. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, W3MW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, W3MW brings its clients unparalleled recognition and brand awareness. W3MW is where breaking news, insightful content and actionable information converge.

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Web3MediaWire
Los Angeles, CA
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Editor@Web3MediaWire.com

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