[Crypto VC Funding Thresholds Significantly Raised, 2026-2027 May Become Strong Investment Years] Deep Tide TechFlow reports on April 20, citing The Block, that the crypto venture capital sector is undergoing structural changes. Investors now generally require startup projects to have real users and revenue before providing funding, signaling the end of the era of easy early-stage financing. The reliability of token models as an exit strategy has significantly declined, with low-liquidity, high-valuation token issuances consistently underperforming the market. Investors are shifting back to traditional equity-based thinking. At the same time, the rise of the AI sector has absorbed a substantial amount of LP capital and entrepreneurial talent, further exacerbating the difficulty of fundraising for crypto VCs. However, several investors have pointed out that reduced competition, more reasonable valuations, and improved regulatory environments suggest that 2026-2027 could become the strongest investment years since 2018. Future funding is expected to focus on areas with clear business models, such as stablecoins, payments, tokenization, real-world assets, and financial infrastructure. The boundaries between crypto VC and traditional VC are also expected to accelerate their convergence.