"there is no more crypto" is something we've been telling portfolio companies for ~18 months now
what there is:
- fintech 2.0 - financial applications on public/private blockchains to overcome regulatory/operational limitations of fintech 1.0 (banking-related use cases)
- trading and gambling (which will growingly look similar) - tokenized stocks, options, prediction markets, perps, igaming
- other applications of blockchains where it will be increasingly more hidden under-the-hood (to avoid hate) for smaller use cases (e.g. forms of bookkeeping/tracking/digitization, gaming, digital art, DeSci, etc.)
- distributed systems (mostly DePINs)
- "crypto" - a growingly marginal corner of gambling market, where the "game" is trading on-chain tokens (a.k.a. "trenches")
There is no more crypto. There are good companies that drive value to their token ($HYPE,
$VVV,
$CARDS,
$TON -- maybe)
Zcash / Bitcoin.
That's all.