PANews, May 11 news, Nick Tomaino, founder of 1confirmation, posted on the X platform stating that the rise of Ethereum means the "death of encryption VC," and that 99% of encryption VCs will soon disappear. The only way for long-term development is to be in the right place at the right time, obtain institutional capital, lack foresight or creativity, and stay aligned with users.
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1confirmation founder: The rise of Ethereum means the "death of encryption VC"
PANews, May 11 news, Nick Tomaino, founder of 1confirmation, posted on the X platform stating that the rise of Ethereum means the "death of encryption VC," and that 99% of encryption VCs will soon disappear. The only way for long-term development is to be in the right place at the right time, obtain institutional capital, lack foresight or creativity, and stay aligned with users.