The fusion of artificial intelligence (AI) and blockchain technology draws substantial interest and investment from venture capitalists. 

The first quarter of 2024 has seen a notable influx of funding into startups developing innovative AI-blockchain solutions. This signals a resurgence of confidence in the crypto market following the introduction of Bitcoin exchange-traded funds (ETFs) in January.

Millions Flow Into AI Tokens

The recent trend reflects a significant recovery from the downturn experienced in 2023. At the time, venture capital in the crypto and blockchain sector declined to $5.75 billion across 58 funds. According to Galaxy Digital, this was a stark contrast to 2022’s record-breaking $37.7 billion across 262 funds. 

The last quarter of 2023 marked a pivotal moment with a 2.5% increase in venture funding, reaching $1.9 billion. This was the first growth in crypto startup investments since early 2022.

This rejuvenated interest is largely attributed to developing solutions integrating AI with blockchain technologies. Therefore, building products that cater to institutional investors new to the crypto market. Startups such as Utila, Synnax, Sahara, the TON Foundation, UXLINK, and TEN have successfully secured funding, showcasing the wide array of applications and potentia

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Author: Bary Rahma

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