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November crypto fundraising surpasses $1.67 billion, a 387% increase from October. 111 projects secured investments, slightly down from the previous month’s 112. The top 10 fundraising rounds accumulated $634.6 million, 38% of all VC investments. The latest Crypto Fund raising report by CryptoRank shows a remarkable rebound in November, surpassing more than $1.67 billion in investments, marking a 387% increase from October. The month witnessed 111 projects securing investments, a slight decrease from the previous month’s 112 deals, which amounted to $430 million. Crypto Fundraising Trend from June to November (Source: CryptoRank) This surge, according to Crypto Rank, signals a bullish market trend with potential growth. This aligns with the anticipation of increased fund raising activity due to the recent price rally and the potential approval of a Bitcoin ETF. Fundraising by Category in November (Source: CryptoRank) Based on the char...

Animoca Brands, a Web3 gaming-focused company, has announced it is now targeting a raise of $1 billion for a fund directed to inject help for already established blockchain projects. The number is significantly lower than the $2 billion the company announced back in November as an upper limit for this same fund. Animoca Brands Announces Lower Numbers for Web3 and Metaverse Fund Animoca Brands, one of the most popular Web3 gaming and blockchain companies, has made a new announcement regarding its fund raising goals for Q1 2023. Yat Siu, a co-founder of the company, recently stated in a Twitter Spaces chat it was looking to raise $1 billion from various parties for a fund provisionally called Animoca Capital, which would focus its activities on supporting already established Web3 projects. This number is significantly lower than the goal Siu established back in November when he first revealed plans to launch this fund, declaring that Animoca Brands expected to raise up to $2 billion....