Odaily Planet Daily News 🌍 Crypto venture capital fund Reforge is actively raising $80 million in funds, and has successfully raised $25 million. Reforge's two co-founders, Alexander Lin and Carl Hua, once held senior positions at Shima Capital. After leaving in January this year, they founded Reforge, dedicated to making blockchain technology more acceptable to founders and developers.

Lin said that the current L1 blockchain is not suitable for the best consumer founders. In addition, many new cryptocurrencies launched this year have performed poorly, mainly because capital allocators have pushed for a rapid launch of tokens to gain returns. He also criticized the overheated investment in cross-border startups between crypto and artificial intelligence, and questioned whether decentralized computing networks can meet the power needs of AI tools.

Despite market turmoil, Bitcoin remains the focus of our optimism. 🚀