1confirmation founder: Silicon Valley VCs have been trying to control the crypto industry, but have failed to succeed due to investing in "zero-sum game" projects

1confirmation founder Nick Tomaino posted on the X platform, stating that Silicon Valley venture capital firms have been trying to dominate the entire cryptocurrency industry, and to some extent, they have succeeded. However, most venture capital firms failed between 2021 and 2023 because they invested a lot of money into zero-sum game projects that, while attracting retail investors' attention, provided no benefit to the world.

Today, Silicon Valley venture capitalists are exhausted, as evidenced by their overwhelming promotion and shoddy products. Bitcoin and Ethereum have never received investment from Silicon Valley venture capital, yet they have a total value of over $2.5 trillion and dominate the cryptocurrency market.