Ajna Capital's Chief Investment Officer Eva Oberholzer pointed out that venture capital (VC) firms have become more cautious when investing in crypto projects, indicating a shift in investment strategies compared to the previous cycle as the market matures.

Oberholzer stated in an interview with Cointelegraph, "The situation is more complex now because the crypto space has entered a new phase. This is similar to every cycle we've experienced in other technology sectors."

She further noted that as the market matures, the pace of Pre-Seed investments has slowed, and VCs are now focusing on mature projects with clear business models. Oberholzer said:

"The shift in VC activity reflects the overall trend of institutional crypto investment and shows a focus on digital asset companies that can generate revenue. This is different from the price speculation seen in previous crypto investment cycles, including the 2021 bull market."

Traditional financial investors, including Wall Street firms, venture capitalists, and institutional funds, are increasingly demanding that crypto projects provide mature and predictable sources of income.

Oberholzer mentioned that VC firms are focusing on stablecoin projects and investing in other payment infrastructures that can generate transaction fees.

Due to the revenue models brought by on-chain minting and managing tokenized real-world assets (RWA), real-world asset tokenization (RWA) platforms have also become a focal point for VC firms.

Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, recently told Cointelegraph that Wall Street's pursuit of yield is driving its investment in Ethereum (ETH).

Hougan stated, "If you put a billion Ethereum (ETH) into a business and stake it, you can immediately earn a yield. Investors have become accustomed to investing in companies that can generate returns."

This smart contract layer blockchain hosts most stablecoins, RWA markets, and decentralized finance (DeFi) activities, providing stable income to its holders through transaction fees and other financial returns.

Related: Tether announces RGB protocol plan, $167 billion USDT natively launching on Bitcoin

Original article: “Venture Capital Executive: The Rules of VC Have Changed Due to Market Maturation”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。