《Confession: Three Years as a Crypto VC, Losing Tens of Millions – Lessons Learned the Hard Way》 (Author: BruceLLBlue) recounts his journey in Crypto VC from August 2022 to July 2025. Over 3 years, he completed 55+ direct investments and allocated to 9 funds. Among them, 14 were rugs (about 25%), 28 were losses (about 50%), and 15 went to zero; NFT projects were almost entirely wiped out. He also highlights that in the current cycle of accelerated 'institutionalization,' primary markets should place greater emphasis on hedging and liquidity management, with the core focus on exit strategies. Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=55121