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Some crypto VCs see decentralization as the future after FTX collapse • londonbusinessblog.com

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as the crypto As the market consumes the chaos of recent days, venture capitalists see the moment as a warning, as well as an opportunity for the growth of decentralization and maturation of the larger blockchain space.

“As venture investors, we have a long-term view of the sector; Despite the current market turmoil, we are actively assessing and investing in the right opportunities,” Marc Weinstein, founder of Mechanism Capital, told londonbusinessblog.com. “DeFi’s premise has in any case been reinforced by the collapse of centralized entities from opaque relationships with counterparties.”

Decentralized finance (DeFi) is often associated with relying on blockchain technology to run services through smart contracts, while centralized finance (CeFi) usually refers to more traditional business models and involves people managing funds and manually executing services.

“Market sentiment is shocked, but dedicated VCs with experience from different crypto market cycles will continue to invest.” Marc Weinstein, founder of Mechanism Capital

Historically, the venture market has not been “too offended” by what happens in secondary markets, David Gan, general partner at OP Crypto, told londonbusinessblog.com. Either way, he said, FTX’s apparent death is saddening for everyone, “not just in the VC space, but across the board.”

When there are massive crashes and burns, it speaks to what we’ve seen over the past decade: It’s the wild west out there, Samantha Lewis, director at Mercury, told londonbusinessblog.com.

“When I put it all together, I see it as a continuation of the phase that started when winter hit and we saw Luna and all these crazy companies crash and burn like BlockFi, Celsius and now we have FTX,” Lewis said. “As a novice venture investor, it tells me that the hype is definitely over now. But that heralds the maturation of the space that many of us have longed for.”

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