TL;DR
Full Story
…you odor that?
That’s Santal 33.
And…wait, what’s that…
Do you see these figures rising from the bear market fog?
Those clad in Patagonia sweater-vests, throwing cash at anybody that mutters the phrases “intersection of AI and cryptocurrency.”
That’s proper, VC’s are again in crypto child!
In January alone, there have been 176 enterprise investments made in Web3 corporations, for a mixed whole of $754M.
Why the triumphant return? Easy: trigger costs went again up.
And as annoying as it’s to see the broader enterprise capital trade dashing again into crypto, after dropping it like a scorching potato in 2022…
That is really an awesome factor!
Identical to wolves returning to Yellowstone Nationwide Park, VC’s returning to crypto is an indication that the ecosystem is therapeutic.
They arrive bearing cash, legitimacy, and connections.
Which is nice for all companies (crypto or not).
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