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

Jinse Finance reported that Nick Tomaino, founder of 1confirmation, stated on the X platform that Silicon Valley venture capital firms have been trying to control the entire crypto industry, and to some extent, they have indeed succeeded. However, most venture capital firms were defeated between 2021 and 2023 because they invested a lot of funds into zero-sum game projects. Although these projects attracted the attention of retail investors, they brought no real benefit to the world. Now, Silicon Valley VCs are scrambling, as evidenced by their overwhelming publicity and poorly made products. Bitcoin and Ethereum have never received investment from Silicon Valley VCs, yet their total value exceeds $2.5 trillions and they dominate the crypto market.