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VCs Discover ‘Revolutionary’ New Way to Waste Billions on Layer 2 Solutions That Will Probably Just Get Hacked Anyway

AltcoinsDeFiRegulation/Negotiation 6 Doug Martinez August 19, 2024

An illustration of a VC investor standing at an intersection with several roads leading off into the distance, some marked "Layer 2", others labelled as "Decentralized Social" and "Physical Infrastructure Networks". The investor looks out over the horizon uncertainly while in the background various blockchain logos are scattered across multiple chains

The cryptocurrency industry’s favorite game: “Let’s pretend we’re not all just speculating on a bunch of worthless tokens!” This time around, it seems like VC firms are getting excited about layer 2 scaling and interoperability solutions – because what could possibly go wrong with more complex infrastructure to support the inevitable collapse of this entire house of cards.

Source: cointelegraph

Crypto VCs see ‘big opportunities’ with L2 interoperability, but not AI
https://cointelegraph.com/news/crypto-vc-l2-interoperability-ai
Layer-2 blockchains and infrastructure projects are among the big winners as blockchain venture capital (VC) spending rose to $2.7 billion in the second quarter of 2024. Decentralized social media, decentralized physical infrastructure networks and decentralized science are some of the hot areas currently gaining traction. However, some big-name VCs are starting to cool on artificial intelligence after revenue and demand failed to materialize. Olaf Hannemann, co-founder and chief investment officer […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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