State of Crypto VC: $34B Raised, 50% Fewer Deals

In the inaugural episode of the "Stay Full" podcast, Mason Nystrom hosts Paul Veradittakit and Franklin Bi from Pantera Capital to discuss the state of CryptoVenture. They analyze the fundraising landscape, noting a shift towards later-stage deals and fewer overall deals compared to previous years. The conversation covers the impact of potential IPOs like Circle's on venture investment strategies, the emergence of Digital Asset Treasuries (DATs), and forward-looking themes such as tokenization and the application of ZK-proofs. They also engage in a "bullish or bearish" segment, debating the merits of Robinhood versus Coinbase stock and the potential of stablecoin payment chains, and whether privacy is a venture investable sector. Finally, they discuss token vesting schedules and the future of the L1 trade, emphasizing the need for economic alignment and innovation in blockchain technology.