Please follow me.

We need to stop pretending this industry will magically recover while leaders act like everything is fine and keep pushing the same old narratives. The 100th perps DEX isn’t going to save anything.

Crypto VC has been quietly dying over the past few months. LP commitments are weak, funds are pulling out, teams are breaking apart, and raising a new crypto fund is close to impossible right now.

Anyone actually looking at the data can see this isn’t “just a cycle.”, the risk appetite is gone, and capital has mostly been flowing out of blockchain.
Ownership coins won’t fix this either. It sounds good online, but in reality, talented founders aren’t excited to hand control to anonymous token holders. That narrative is mostly cope.
The frontier of tech has moved on to AI and robotics. Blockchain, especially altcoins, is increasingly seen as an industry building things nobody really needs, mostly for exit liquidity.
If crypto wants a real second chance, it needs to drop the “3” in web3 and reconnect with reality. Otherwise, especially on the venture side, this whole sector just keeps drifting toward zero.