WHAT CRYPTO VCS ARE THINKING ABOUT

Summary from the TLDR Crypto newsletter

Crypto VCs are currently debating the merits of investing in "useful" versus meme-driven projects, with some leaning into the hype while others focus on more substantive areas like stablecoins, real-world assets, and social applications. There is also debate around whether mainstream adoption will be driven by Web 2.5 apps that abstract away crypto complexities or Web3 apps with tokens and protocols front and center.