According to top crypto VCs, we are headed up to $88,000 BTC, with DePIN and DeFi altcoins leading the way. You’ve been warned. People like them and I are winners. We never lose.
I got into Bitcoin when the only way to obtain it was through mining on a laptop on Bitcoin talk forums. I invested in the Ethereum ICO for $0.00.
Anyway, venture capital is making a comeback, spurred by market stability and new opportunities on the horizon.
Here’s a look at why the leading coins are gaining traction in their portfolios.
Crypto Fundraising Bounces Back With the Rise of New Projects
By August 2024, the crypto VC arena has roared back to life, amassing $2.2 billion across 24 funds. This uptick hints at eclipsing 2023’s totals and driving the revival is several factors:
- Market Stabilization: The crypto market cap has reached 93% of its previous peak, restoring investor confidence.
- Institutional Adoption: Entry by financial giants like BlackRock and Fidelity has bolstered market credibility.
- Project Maturation: Investments from the 2020-2022 boom are maturing, presenting lucrative opportunities for investors.
New DeFi projects like Base, EigenLayer, and SolLayer, in particular, have played a key role in reshaping the crypto world, pushing the trend toward midsized venture funds between $100 million and $500 million. This shift signals a departure from the smaller funds of crypto’s early days, as the median fund size grows with investor confidence.
Meanwhile, large VC megafunds are still struggling, hindered by high valuations and tough deployment. We’ll see if this trend changes after the US presidential election.
Top 3 DeFi/DePIN Projects to Lookout For
Here are some projects that have gone viral in the crypto VC world.
The first to add to your watchlist is Theta . Theta is a unique crypto project that can save streaming companies like Netflix, Amazon, Disney+, and Hulu on their CDN (content delivery network) costs and eliminate server rooms. Like centralized banks, streaming services like Netflix and Disney+ store valuable data in one or two central systems.
This won’t be sustainable. For now, it’s great. At some point, decentralization is the way …… #THETA https://t.co/ZV5vkFgo07
— bryanmacer.theta (@bryanmacer) October 17, 2024
Theta decentralizes video streaming services through peer-to-peer blockchain technology and delegates data between the central server and the Theta nodes. In non-nerd speak, Theta allows you to stream 8K video quality without buffering. Seriously, it’ll look so real you’ll never leave the house!
Another project is BitTorrent (BTT) . BTT was a major hit in 2019, with almost 60 billion tokens sold in minutes after its official launch.
The token was engineered by Justin Sun and the Tron Foundation, creators of the Tron blockchain. BitTorrent’s serves as a utility token for the BitTorrent network offering faster download speeds and financial incentives to torrenting. Essentially, whenever you’re done downloading a file you can help others by re-uploading it to earn BTT. This process is called ‘seeding.’
Lastly there is World Mobile Token (WMT) which fuels the ambitious World Mobile network, a blockchain-driven initiative aiming to connect the world’s unconnected. Acting as a utility token, WMT drives the network’s sharing economy by rewarding node operators and token stakers for their vital role in transaction processing and service delivery.
That’s all we got! With 2025 almost here, the VC crypto funding landscape is poised for a vital resurgence, bringing much-needed optimism to the sector.
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