FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says
Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.

Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.
This comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
3AC Says That FTX and Alameda Hunted Their Positions During LUNA Collapse.
Amid the grueling bear market for Bitcoin, Ether and altcoins, the cryptocurrency industry is undergoing consolidation.
The proposal aimed to secure a two-year runway for LidoDAO to carry out its functions in the Lido Finance protocol without worrying about further fundraising.
Will Three Arrows Capital be the next giant to fall?
The entire industry has just changed, and you should recalibrate your assessment of the current situation. Don't rely on old assumptions. We could see a huge change in the way Crypto works.
Studies have shown that Solana’s throughput significantly exceeds that of leading EVM chains, leading the researchers to predict that competing layer-1 chains will surpass EVM chains.
Dragonfly, a well-known name in the venture capital space, will use the funds to invest in early-to-mid-stage projects in the crypto ecosystem.
Dragonfly, a well-established figure within the venture capital scene, will utilize the capital to invest in early- to mid-term projects within the crypto ecosystem.