[Alliance Co-founder: Capital and Talent Shifting from Crypto to Cutting-Edge Technologies; Crypto VCs in a "Deflating" Phase] Imran, General Partner at Alliance, wrote that at a recent limited partner (LP) dinner, the biggest topic was the sudden shift in capital and talent from crypto to cutting-edge technologies such as AI and robotics. He pointed out that the crypto industry is moving from early experimentation to focusing on Wall Street, TradeFi, payments, and fintech, resulting in narrowing investment opportunities. Simultaneously, it faces competition for talent from emerging sectors and pressure to evolve towards more mature financial infrastructure. Large crypto VCs are expanding into robotics, physical AI, and other fields, primarily because the size of pure crypto funds cannot match the expected returns of venture capital.