Why crypto’s VC kingmakers are backing rival startups
Quick Take
- Layer 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.
This feature story is available to
subscribers of The Block News Plus.
You can continue reading
this News Plus feature on The Block.
Go to Source
Author: Ryan Weeks
