Crypto venture capital turns to traditional logic, focusing on stablecoins and deep technology fields

On February 9th, Bloomberg reported that the sharp decline in cryptocurrency prices and the wave of market mergers have exposed the difficulty of building sustainable income in the cryptocurrency industry. Crypto venture capital is shifting towards traditional startup logic, focusing on product and market matching, profitability, and user retention. Some funds have withdrawn from high-risk areas such as NFTs and blockchain games, and turned to stablecoin infrastructure, on chain prediction markets, financial technology, artificial intelligence, and other fields. Funds such as Mechanism Capital and Tangent have started investing in robotics startups, marking a shift in investment focus away from the core cryptocurrency field. Dragonfly partner Tom Schmidt stated that some funds may face the risk of closure or downsizing.