TheBlock
2022-08-23 20:55:11

Why crypto’s VC kingmakers are backing rival startups

Quick TakeLayer 1 blockchains, NFT marketplaces and crypto bridges are just a few examples of sub-sectors in which the leading startups share the same backers. Investing in rival startups is unusual in venture capital, but crypto heavyweights justify it on the basis that the sector is still so early in its development. 

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.