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Crypto Frenzy: Q1 Investment Surge
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Crypto and blockchain sectors surged in Q1 2024 with $2.52 billion raised, attributing the growth to positive legal outcomes and DeFi excitement. BlackRock enters the space with tokenized products on Ethereum, while SocialFi and Web3 gaming stand out. Valuations are soaring, reaching up to $300 million in pre-seed rounds amidst heightened VC interest.
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How might the entry of major players like BlackRock impact the dynamics of the crypto market?
In what ways could the rising valuations in pre-seed rounds affect early-stage startups and investor strategies?
What regulatory challenges might arise due to the increasing popularity of tokenized products and the evolving tokenomics?
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