The Web3 sector experienced contraction due to the global economic crisis in 2022. However, with the relaxing markets in 2023, focus started shifting back to the technology sector. By June, many promising Web3 projects had received significant investments.

Despite the stagnation in the cryptocurrency markets and the lawsuits that followed, causing a decrease in cash flow, the first half of 2023 continues to progress positively. In June 2023, many Web3 projects received investments worth millions of dollars. Companies, including notable investors like a16z, Animoca Brands, Wintermute, Binance Labs, and Cardano Foundation, made investments worth millions of dollars.

The top 10 Web3 projects that received the most investment in June 2023 are as follows:

Gensyn – 43 million dollars

Mythical Games – 37 million dollars

One Trading – 32.5 million dollars

Galaxy – 30 million dollars

Taiko – 22 million dollars

Meanwhile – 19 million dollars

Lens Protocol – 15 million dollars

Bit2me – 15 million dollars

HyperPlay – 12 million dollars

Neutron – 10 million dollars