Michael Dempsey: Crypto VC Has Been Nearly Dead for Two Years as AI Draws Away Talent Compound managing partner Michael Dempsey @mhdempsey said in an October 13 Empire interview…
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Michael Dempsey: Crypto VC Has Been Nearly Dead for Two Years as AI Draws Away Talent Compound managing partner Michael Dempsey @mhdempsey said in an October 13 Empire interview that crypto venture c…
Michael Dempsey: Crypto VC Has Been Nearly Dead for Two Years as AI Draws Away Talent Compound managing partner Michael Dempsey @mhdempsey said in an October 13 Empire interview that crypto venture capital has been nearly dead for two years. In 2021, tech entrepreneurs flocked to crypto; now AI attracts most of them. He said crypto needs more talent and better token incentives, since tokenization can undermine long-term incentives. Meanwhile, some fully distributed tokens are beginning to show real value, allowing investors to assess fundamentals rather than narratives alone. In venture capital, few founders are pursuing new ideas beyond perpetual futures DEXs.
AI context is not available for this statement. The original source can be read independently.