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Crypto VCs Still Throwing Money at Blockchains Like It’s 2017 and They’re Not All Going to Die Alone

An illustration of a blockchain network with multiple chains rising like balloons from the ground, some bursting while others continue to ascend; in the background, two large chain networks (Ethereum and Tron) are shown side by side, with Ethereum's balloon slightly deflated compared to Tron's. A few venture capitalists stand at the edge of a cliff throwing money into the air as it rains down on the chains below

The perpetual optimism surrounding cryptocurrency is a never-ending wellspring of entertainment. Who needs actual value or substance when you can just print numbers on a computer screen? This latest “milestone” in crypto VC funding only serves to highlight the desperation of investors clinging to their sinking ship.

Source: cointelegraph

Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week. This week brought renewed optimism for crypto investors after Pitchbook data revealed that crypto startup funding rose 2.5% to $2.7 billion in the second quarter of 2024 despite declining overall investment deals. In the broader crypto space, the Tron network has surpassed the […]

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