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.
Still, it's a rough time for consumer crypto's core audience though, with recently minted acolytes down bad and many likely discouraged from sinking more time, money or effort into new web3 projects....
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...