In May, the number of crypto VC investments dropped to about 50 deals, hitting a new low since 2021. Funding activity in the two hot sectors of infrastructure and crypto financial services is also approaching multi-year lows. As a large amount of capital flows into AI, the crypto industry is experiencing a project screening period. For teams with genuine products and growth, the competition is actually much less than in previous years. #Crypto #VC #AI #Web3

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