Some venture investors are doubling down on crypto despite an unknown recovery timeline – TechCrunch

Some venture investors are doubling down on crypto despite an unknown recovery timeline. Many VCs see this period as a great opportunity and are shifting their crypto investment strategies to maximize potential during the bear market. A number of large crypto-focused funds launched this week, including Multicoin Capital’s $430 million venture fund, its third and biggest fund to date, and Protagonist's $100 million fund, focused on early-stage crypto companies. In bear markets, infrastructure gets built to stand those applications up again but in a successful way, says Craig Burel, partner at Reciprocal Ventures, who says crypto works in cycles, like the traditional tech world, but in bear markets? “We tend to focus and lean in during Source