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Are People in Crypto Making Money? Alpha from Token2049 - Blockcrunch Roundtable 015
The Blockcrunch Podcast
Crypto AI: A Divisive Frontier
Venture capitalists exhibit varying levels of interest in the intersection of crypto and AI, with some aggressively pursuing investments while others are skeptical. One large fund is committed to investing heavily in valuations of 100 to 300 million for early-stage projects, indicating a bullish stance. Conversely, another fund perceives many projects in this sector as lacking substance, labeling them as vaporware, and suggests a cautious approach to investment. The overall sentiment suggests a dichotomy within the venture capital community regarding the viability and future prospects of crypto AI, compounded by concerns over inflated valuations.
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