TL;DR

• VC money is coming back to crypto, after the 6+ months of market growth (this is a sign of good health for the broader crypto ecosystem).

Full Story

…you smell that?

That’s Santal 33.

And…wait, what’s that…

Do you see those figures emerging from the bear market fog?

The ones clad in Patagonia sweater-vests, throwing money at anyone that mutters the words "intersection of AI and cryptocurrency."

That’s right, VC’s are back in crypto baby!

In January alone, there were 176 venture investments made in Web3 companies, for a combined total of $754M.

Why the triumphant return? Simple: cause prices went back up.

And as annoying as it is to see the broader venture capital industry rushing back into crypto, after dropping it like a hot potato in 2022…

This is actually a great thing!

Just like wolves returning to Yellowstone National Park, VC’s returning to crypto is a sign that the ecosystem is healing.

They come bearing money, legitimacy, and connections.

Which is great for all businesses (crypto or not).