7:03:44 AM PDT - Wednesday, August 17th, 2022

Can VCs game crypto out of this downturn?  

By Editor - Sat Jul 30, 11:56 am

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Welcome back to Chain Reaction. Last week, we looked at Musk holding onto doge. This week, we’re talking about where all of this crypto VC money is possibly gonna go. To get this in your inbox every Thursday, you can subscribe on TechCrunch’s newsletter page. maybe, it’s all a game? A weekly dispatch from the desk of TechCrunch crypto editor Lucas Matney : The reality is that the dreams of web3 investors and founders are facing a bit of a jam — a crypto downturn generally means less hype, fewer conversations between friends and generally less organic consumer onboarding to consumer experiences. This is far from ideal for VCs who saw a consumer web dream within grasp, but fortunately they’ve got some deep pockets thanks to recently raised mega funds with crypto bets as their sole focus

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Can VCs game crypto out of this downturn?

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