TL; DR
Full story
…do you smell that?
That is Santal 33.
And…wait, what is that…
Do you see these numbers emerging from the bear market fog?
The ones dressed in Patagonia sweat vests and throwing money at anyone who mutters the words “crossroads of AI and cryptocurrency.”
That’s right, VCs are back in crypto baby!
In January alone, 176 venture investments were made in Web3 companies, totaling $754 million.
Why this triumphant return? Simple: because prices went up again.
And as annoying as it is to see the broader venture capital industry diving back into crypto after dropping it like a hot potato in 2022…
This is actually a great thing!
Like wolves returning to Yellowstone National ParkVC’s return to crypto is a sign that the ecosystem is healing.
They come with money, legitimacy and connections.
That’s great for all businesses (crypto or not).