Flockerz Token Hype Surges Amid VC Investments
Source: Bitcoinist
Last month, crypto startups received hefty funding boosts, nearly garnering an impressive $800M through VC investments.
Among those, a whopping $583M was granted to crypto startups developing crypto-related infrastructure, contributing to utility-based presale tokens like Flockerz ($FLOCK) to gain notable traction.
According to DefiLlama data, this marks the fourth-highest financial support this year – albeit an 8% drop from October’s figures.
Trump’s Election Win Fuels Crypto VC Investments
Investor confidence spread throughout the crypto realm before and after Donald Trump, the self-proclaimed ‘crypto president,’ was elected US president-elect.
The outcome boosted Bitcoin to hit ATH after ATH and edge past its highly anticipated $100K milestone.
As usual, when Bitcoin rises, other crypto projects follow. This time around, those with actual use cases are the ones garnering the most attention.
DeFi Firms Receive $128.2M Capital Injection
The lion’s share of last month’s funding went to blockchain-based projects, mainly in the decentralized finance (DeFi) and Web3 gaming arenas.
DeFi companies received an additional $128.2M in capital last month, a 31% increase from the previous month.USDX Money (the issuer of a US dollar-pegged stablecoin) collected $45M, the most significant funding in this sector, led by the major VC firms BAI Capital and NGC Ventures.
Meanwhile, in the blockchain gaming industry, Monkey Tilt headed the field, securing $30M from Pantera Capital to enhance its online crypto-gambling platform.Zero Gravity Labs was also among the heavyweight recipients, securing $40M to boost the development of its decentralized AI operations system.
$FLOCK Garners $5.8M+ on Presale
Amidst the hype, crypto token sales are also proving fruitful. $FLOCK, the bedrock of the distinct vote-to-earn platform Flockerz, has captured over $5.8M on presale.
Key factors that $FLOCK holders can vote on include:
- New features
- Marketing strategies
- Project development
- Token burns
- Expansion plans
In addition, $WLFI raised $30M from Justin Sun (Tron’s founder) alone. Since its initiation, it has raised over $20B.Like Flockerz, it also grants governance rights, but in Donald Trump’s DeFi platform, World Liberty Financial.
2025 Looks Rosy for Utility-Based Crypto Ventures
As 2024 draws to a close, crypto projects with actual utility are coming out on top, witnessing impressive financial influxes nearing $800M to enhance their frameworks.
Amid the investments, there’s an increased focus on governance tokens like $WLFI and $FLOCK. This highlights investors’ desire for decision-making power, rewards, and community engagement.
As crypto developers and investors pin their focus on new and innovative utility and community-driven projects, 2025 looks rosy for those with sustainable and scalable solutions. Not just ones that primarily rely on speculative hype for success.
