According to data, VC invested $10.7 billion in the cryptocurrency field in 2023, a 68% decrease from $33.3 billion in 2022. Despite the decline, 2023 was still the third-highest year for cryptocurrency investment, surpassing levels in 2019 and 2020. 

On December 31st, Web3 cross-chain game ecosystem Portal announced the completion of a new round of strategic financing, the specific amount has not been disclosed, Su Bo Bi Vice President and Digital Art and NFT Director Michael Bouhanna, MoonPay Co-founder Max Crown, 9GAG CEO Chen Zhancheng, Pixelmon CEO Giulio, Parallel Co-founder Kalos and others participated in the investment.

Cryptocurrency companies have significantly increased their donations to US politicians. Companies such as Coinbase, Circle, and a16z have invested $78 million in Fairshake, a federal super PAC that can receive unlimited funds from corporations and individuals for elections, with the goal of guiding "cryptocurrency-friendly leadership." Coinbase Chief Policy Officer Faryar Shirzad said, "We will do everything we can to depoliticize cryptocurrency." "Our lobbying, grassroots work, and now Fairshake will create space for the public to debate its benefits, rather than our industry being used as a political football by those who do not understand the social benefits of this technology."

On December 14th, according to TechCrunch, Bitcoin rebate platform Lolli completed an $8 million Series B financing round, led by BITKRAFT Ventures, with participation from Sfermion, Ulta Beauty's Prisma Ventures, Hypersphere Ventures, ZebPay CEO Rahul Pagidipati, 2 Punks Capital, MZ Web3 Fund, Seven Seven Six, Founders Fund's Pathfinder Ventures, Bain Capital Ventures, Serena Williams' Serena Ventures, Logan Paul and MrBeast's Night Media.

According to CoinDesk, blockchain technology and digital asset company Metagood announced the completion of a $5 million seed round of financing, led by Sora Ventures, with participation from ACTAI Ventures, Bitcoin Frontier Fund, Bitcoin Magazine Fund, London Real Ventures, and Peach.xyz.<br>This new funding will support Osura's new technology and product development, as well as marketing, and promote collaboration with artists.

NodeKit, a team developing the SEQ network based on Avalanche, has raised $1.2 million in seed funding led by Borderless Capital, with participation from Avalanche Blizzard Fund, Polygon Ventures, and Wormhole Cross-Chain Ecosystem Fund. NodeKit is building SEQ, which is a shared sorter layer 1 network that will help rollup chains launch and decentralize their transaction ordering. SEQ will operate as a separate blockchain or subnet within the Avalanche ecosystem.

Andalusia Labs, a digital asset risk infrastructure company, has raised $48 million in a Series A funding round led by Lightspeed Venture Partners, with participation from Mubadala Capital and existing investors. The company has also opened its global headquarters in Abu Dhabi. The funds will be used to expand the team and develop its three digital asset technology solutions: Karak, a layer-2 blockchain; Subsea, a crypto risk management marketplace; and Watchtower, a security-centric institutional platform. The company views risk management as the "bedrock of financial stability" and plans to expand its product offerings in the future.

On December 13th, Web3 identity verification startup Dynamic completed a $13.5 million financing round, led by a16z and Founders Fund. It is reported that this round of financing is based on the $7.5 million seed round led by a16z in 2022.

Intract announced the completion of a $3 million financing round, led by Alpha Wave Global, with participation from BITKRAFT Ventures, Gumi Cryptos, Polygon Ventures, Tokentus, MoonPay, Web3 Studios, and others. The funds will be used to expand the team and promote user growth. (Cointelegraph)

On December 13th, the Ethereum Layer 2 project Enphyr completed a $1 million seed round of financing with a valuation of $10 million. This round of financing was led by Waveslab Ventures with participation from several individual investors.