Crypto VCs Are Abandoning Web3 for the Dependability of Stablecoins
Financial plumbing is what’s luring VCs to crypto.
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Suvashree Ghosh and Matt Haldane write on how financial plumbing is the biggest attraction to venture capitalists in the digital asset sector.
Not that long ago, the crypto industry’s “blockchain, not Bitcoin” mantra promised distributed ledger technology would revolutionize the internet beyond financial applications. Recent funding trends suggest that in reality, cash is still king.