Truth Ventures CEO Varun Datta has urged crypto investors not to demand recurring revenue from seed-stage companies, as RootData has listed 99 crypto projects that closed, entered bankruptcy, or became inactive in 2026.
Summary
- RootData listed 99 crypto projects as closed, bankrupt, or inactive by late July.
- Galaxy recorded $4 billion across 355 crypto venture deals in the first quarter.
- Datta said seed startups should be assessed through founder knowledge and their path to a viable business.
- US-based companies received 70.2% of crypto venture capital during the first quarter.
RootData listed 99 crypto projects that had announced closures, entered bankruptcy, or…
