According to Odaily Planet Daily, Nick Tomaino, the founder of 1confirmation, stated that the rise of Ethereum means the "death of crypto VCs," and that 99% of crypto VCs will soon perish. The only path to long-term development is having the right place and time, obtaining institutional capital, and staying aligned with users.
Founder of 1confirmation claims the rise of Ethereum will lead to the demise of 99% of crypto VCs
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