- An epidemic of “disingenuous innovation” plagues the crypto industry, VCs say.
- Still, crypto companies raised just over $600 million in April.
Crypto companies raised just over $600 million from venture investors in April, DefiLlama data shows.
That’s despite the epidemic of “disingenuous innovation” that is plaguing the digital assets industry, Diego Martin, CEO of Yellow Capital, told DL News, referring to grand promises widely made by crypto startup teams that are rarely fulfilled.
“Institutional investors typically wait for retail demand before taking a punt on innovation,” Martin said.
To be sure, fundraising in April fell some 75% from March, which was a blockbuster month that saw massive raises in the prediction market…
