Web3 startups have raised over $5.4 billion in venture capital during the first three quarters of 2024, with $1.4 billion secured in the last quarter alone. Investors are increasingly focusing on the intersection of blockchain and artificial intelligence. Noteworthy funding in October included Glow's $30 million for a decentralized solar grid and various amounts raised for innovative platforms. Significant investments include Binance Labs in Moonwalk Fitness, which gamifies fitness challenges, Craftt’s $2 million for a decentralized benefits platform, and Borderless.xyz's $3 million to create a stablecoin payment network. Vixichain raised $7 million for compliance-focused blockchain infrastructure, and karpatkey also secured $7 million to expand treasury solutions. Axal raised $2.5 million to automate Web3 tasks, and Variational obtained $10.3 million for a peer-to-peer trading protocol in crypto derivatives. This burgeoning ecosystem reflects ongoing interest and funding in the Web3 space and is setting the stage for 2025 investment strategies.

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