PANews reported on November 2 that Zhu Su, founder of Three Arrows Capital, wrote on the X platform that a subtle view on why cryptocurrency venture capital firms invest in infrastructure rather than crypto applications is that good applications do not need or benefit from venture capital funds (especially large-scale financing rounds) because they can achieve net profitability very quickly and are cheaper to build.
Zhu Su: Good crypto applications don’t need to benefit from venture capital
- 2024-11-02
Tesla, AMD, and Nvidia stocks had higher volatility than Bitcoin in October
- 2024-11-02
ETH falls below $2,500, down 0.01% on the day
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Self-custodial wallet SafePal to launch Telegram crypto wallet supporting Visa cards
- 2024-11-02
Bitfarms to deploy 10,000 mining machines in Pennsylvania
- 2024-11-02
Data: About 8564.19 BTC flowed into Binance exchange wallet in the past 7 days
- 2024-11-02
Crypto volatility may spike if US election is ‘too close to call’ —FalconX