We are going live in < 40 minutes alongside @0xfishylosopher and @brezshares. Crypto venture capital is at an inflection point, and below are some of the key trends we have been observing: 1. Capital is increasingly concentrated in "consensus themes," and post-adoption companies. The result is potential reduced inflows to early-stage investments. 2. There is no debate that the financing structure that often benefitted and attracted inflows to Crypto venture capital (tokens + equity) is increasingly being called into question in an environment with constrained net inflows. 3. Crypto's definition is changing. Blockchain (ledger), digital assets (equities, commodities, deposits, and stablecoins), and crypto tokens. Nature of institutional adoption tends to be concentrated in 1 and 2, with elements of 3 in traditional financial products. 4. We are seeing a wave of talent migration from Crypto -> AI. Despite this, we @decasonic believe that the opportunity for investments at the intersection of Web3 x AI is increasingly more relevant, and we are actively looking to partner with founders aiming to push the frontier.