Dragonfly ＞|＜
@dragonfly
Global since day one
Posts are not investment advice or an ad for investment services
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218 Following 1.5M Followers
Is crypto VC going extinct?
"No, I think it's evolving."
"If you rewind the clock back to 2021–2022, there were a lot more VCs who raised money on the idea that they were going to deploy into a crypto venture."
"And the idea was that, well, anybody can do this. You just have to sling some money around and some tokens and everything goes up automatically."
"We're in a very different world now. We're in a regime where there's not that many players that are really institutional quality, and that can really add value to a lot of these projects."
"Most of the easy money in crypto is gone now."
@hosseeb on @BloombergTV at Token2049
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.@gdog97_ on the thinking behind Ethena Pay
"Not everyone on earth is going to set up a MetaMask wallet or a Phantom wallet, load it up with stablecoins and come and interact with what is quite a scary experience like operating on chain."
"Take the apps and experiences that people are used to and plug crypto into the background so that it's almost abstracted away... thinking about crypto as a more efficient backend for fintech rather than the product itself."
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