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Crypto VCs see ‘big opportunities’ with L2 interoperability, but not AI

Crypto VCs see ‘big opportunities’ with L2 interoperability, but not AI

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Source: Coin Telegraph

Cointelegraph spoke to VCs to find out which sectors they’re currently interested in, as investments increased in Q2.

Layer-2 blockchains and infrastructure projects are among the big winners as blockchain venture capital (VC) spending rose to $2.7 billion in the second quarter of 2024.

Decentralized social media, decentralized physical infrastructure networks and decentralized science are some of the hot areas currently gaining traction.

However, some big-name VCs are starting to cool on artificial intelligence after revenue and demand failed to materialize.

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Author: Robert D. Knight