Shaun Maguire, a crypto partner in Sequoia Capital, one of the most active VC firms, is not very optimistic about the future of other venture capital companies in the sector.
a $500- $600 million fund in February to invest in “liquid” crypto assets as a complement to its other investments to “participate more actively in protocols” and “better support token-only projects.”This abandonment of crypto investments will also be caused by other elements.
According to Maguire, there is a fundamental misunderstanding of what crypto and Web3 might offer as new technologies, with some investors touting decentralization as a ”silver bullet.” Maguire declared:Decentralization is not a silver bullet that just solves all problems and is better for everything. You know for the vast majority of compute, you want it to be centralized.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Asia: Singapore’s Distaste for Retail Crypto Is Spooking Institutional MoneyBut that is for institutional capital. The Monetary Authority of Singapore has also been clear that it doesn’t approve of retail investors getting deeply involved in crypto; BTC treads water over the weekend. TheSamReynolds and JPRubin23 report
Read more »
VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital roundsEven though cryptocurrencies such as BTC and ETH are not at their strongest this April, venture capital activity in the space has never been stronger.
Read more »
Binance to drive crypto and blockchain awareness among Indian investorsBinance also partnered with India-based crypto influencers and educators including Neha Nagar, Aditya Saini and Kashif Raza to host a free webinar named Crypto for All on May 1.
Read more »
Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours – Featured Bitcoin NewsThe finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. crypto
Read more »
Mexico City's Senate Building Now Has a Bitcoin ATM (Report)Mexico's 14th Bitcoin ATM is located in the Senate's building in the capital Mexico City.
Read more »
Crypto is winning, and Bitcoin diehards are furious about itCrypto is winning and Bitcoin diehards are furious about it
Read more »