Intents-Based Projects Becoming Hot Trend
Jun 14, 2024
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Weekly Recap
This week’s $113 million in funding was less than half of last week’s $242 million, although the deal count showed a more modest 17% drop to 30 deals. Infrastructure continues to be the most popular investment category. Infrastructure’s $66 million in funding was stapled by Nexus Labs and Nuffle Labs’ $25 million and $13 million respective investment rounds. After tallying a few deals in the previous two weeks, CeFi projects did not garner any investment this week, as the category remains a laggard.
From a funding perspective, Series A was the leading deal stage, totaling $5...