Abstraction Layers Becoming Prevalent

Oct 25, 2024 • 5 Min Read

Weekly Recap

Total funding fell 49% week-over-week from $188 million to $95 million, and total deal count decreased modestly from 23 to 31. Infrastructure and DeFi were the two leaders in fundraising, accounting for approximately two-thirds of the total. The week's largest deal was a $15 million Series A round completed by Bluesky, a Web3 social network. Party Icons was the sole Gaming company that raised capital this week. They raised $9 million in a seed round to accelerate the development of their multi-game universe, which is available on mobile and PC. Across deal stages, funding was conce...

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