According to Data Insights: Crypto Funding Overview compiled by Binance Research, despite a downward trend in 2023, the market has shown resilience, with transactions and investments maintaining steady growth. In this continued growth, blockchain games and infrastructure projects account for a considerable share.

The report points out that since the beginning of this year, the proportion of traditional VCs participating in investments has increased to 45%, and the gap between traditional VCs and Web3 investors has gradually narrowed. Hack VC is in a leading position among traditional venture capital institutions, and it has diversified its investments in areas such as games and infrastructure. In the past four quarters, infrastructure projects have been the track with the most funds, with the total quarterly financing gradually increasing from 26% in the fourth quarter of 22 to 44% in the third quarter of 23.