In May, the total amount of global Web3 financing reached 917 million US dollars, and Farcaster was valued at 1 billion US dollars

Based on data from Caixin Venture Capital, there were a total of 100 financing events in the global Web3 field in May, which was basically the same as in April. The total amount of financing reached 917 million US dollars, a decrease of 5.46% compared with the previous month.

In terms of specific sub-sectors, the blockchain infrastructure sector had the highest number of financing events and total amount of financing in May, with 41 projects receiving a total of 498 million US dollars. However, the total amount of financing in this sector decreased by nearly 100 million US dollars compared to April. The DeFi and CeFi sectors maintained a certain level of growth in total financing.

In terms of institutional investment, Animoca Brands, OKX Ventures, and Coinbase Ventures were the top three investment institutions in terms of the number of investments made in May. Among them, Animoca Brands made a total of nine investments, including four in blockchain infrastructure; OKX Ventures made a total of five investments, including three in blockchain infrastructure; and Coinbase Ventures made a total of four investments, all of which were in blockchain infrastructure.