A Wild Venture Capitalist Appears!
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…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 firms, 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 speeding again into crypto, after dropping it like a sizzling potato in 2022…
That is truly a terrific factor!
Similar to wolves returning to Yellowstone National 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).
