# Сопутствующие статьи по теме VC

Новостной центр HTX предлагает последние статьи и углубленный анализ по "VC", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

From Intern to the Main Table: The 'Fast Lane of Life' for Early Crypto Participants

From Intern to the Main Table: The "Fast Track" of Early Crypto Participants The article chronicles the remarkable journeys of early cryptocurrency adopters who leveraged internships and entry-level roles during Bitcoin's nascent stages (2013-2017) to achieve extraordinary success. It highlights three key figures: 1. **Xiao Hong (founder of AI company Manus, acquired by Meta in 2025)**: As a sophomore intern at Chinese Bitcoin media outlet YiBit in 2013, he absorbed decentralized principles that later informed his AI work. His path exemplifies how early crypto exposure provided a "vector" for identifying future technological shifts. 2. **Ge Yuesheng (youngest billionaire in Bitmain’s founding team)**: Initially an intern at a私募 firm, he used family resources to become Bitmain’s earliest angel investor at age 21, securing 28% equity. His risk-taking during crypto’s volatility led to co-founding Matrixport. 3. **Wang Hui (OKCoin’s first employee)**: He built OKCoin’s technical infrastructure from scratch, later founding JEX (acquired by Binance). His story underscores OKCoin’s role as a "crypto黄埔军校" (Huangpu Military Academy) for talent. Common success factors include: - **Timing**: Entering during crypto’s "chaotic phase" (2013-2017) offered disproportionate growth opportunities. - **Mentorship**: Aligning with visionaries like神鱼(Shenyu), Wu Jihan, or Xu Mingxing provided access to high-value networks. - **Risk tolerance**: Embracing uncertainty during bear markets and early adoption yielded outsized returns. The piece acknowledges survivorship bias but argues that early crypto immersion cultivated a unique mindset—blending technical intuition, product agility, and long-term conviction—that enabled these individuals to thrive across subsequent tech waves (AI, Web3). In a rapidly evolving industry, today’s interns could be tomorrow’s billionaires.

比推01/08 14:29

From Intern to the Main Table: The 'Fast Lane of Life' for Early Crypto Participants

比推01/08 14:29

2025 Blockchain Financing Overview: Who Pocketed Over $20 Billion?

In 2025, the blockchain sector saw a significant shift in venture capital trends, with $23.7 billion invested across 839 deals—marking a 33.6% drop in deal count but a substantial increase in total funding compared to 2024. Capital moved from broad investments to focused, high-quality targets. Centralized Finance (CeFi) dominated with $11.2 billion raised, driven by mega-deals like Binance's $2 billion raise and Coinbase's $2.9 billion acquisition of Deribit. Infrastructure and tools remained robust with $4.9 billion across 243 deals, while DeFi secured $1.75 billion. Web3 gaming experienced a sharp decline, with funding and deals falling over 60%. AI and blockchain integration grew steadily, raising $884 million. Prediction markets, led by Polymarket and Kalshi, attracted $3.56 billion. The trend emphasized larger, strategic investments over quantity, with family offices and major funds leading capital deployment.

marsbit01/07 07:26

2025 Blockchain Financing Overview: Who Pocketed Over $20 Billion?

marsbit01/07 07:26

Airdrop Farming Economics: The Hidden Symbiotic Chain of Projects, VCs, and Studios

The article "Airdrop Economics: The Hidden Symbiosis Between Projects, VCs, and Airdrop Hunting Studios" explores the perverse economic incentives in the crypto industry that have led to a symbiotic, yet destructive, relationship between project teams, venture capitalists (VCs), exchanges, and professional airdrop hunting operations (studios). The core driver is identified as the "cold start paradox": Exchanges like Binance and OKX demand high user activity and transaction volume for listing, but new projects lack real users. To meet these demands, projects tacitly collaborate with studios that use automated scripts to generate massive volumes of fake transactions, addresses, and social media engagement, creating an illusion of popularity. VCs further fuel this system. Needing high-valuation exits, they pressure portfolio companies to maximize vanity metrics (active addresses, transactions, TVL) before a Token Generation Event (TGE), often turning a blind eye to the fraudulent data that inflates these numbers. The airdrop, originally a marketing tool to attract real users, has been completely subverted. It now functions as a payment mechanism where projects trade future tokens for the fake data studios provide. The article details the industrial-scale operation of these studios, which use fingerprint browsers, bulk wallet generation, AI-powered KYC bypasses, and task platforms like Galxe and Layer3 as their playbook. This activity creates a negative-sum game: it dilutes rewards for real users, clogs networks with high fees, and makes it impossible to gauge genuine product-market fit. Case studies of Starknet and zkSync show catastrophic user retention rates below 2% and plummeting activity post-airdrop, revealing the fabricated nature of their growth. The consequence is a classic case of "bad money driving out good." The ecosystem is polluted with noise, rewarding projects that optimize for bots over real users and punishing those focused on genuine utility. The author concludes that the industry is trapped in a "Performative Economy" and can only escape by shifting focus from vanity metrics to creating real economic value where using a product is more profitable than farming it.

marsbit01/07 00:38

Airdrop Farming Economics: The Hidden Symbiotic Chain of Projects, VCs, and Studios

marsbit01/07 00:38

Taisu Ventures and Keio FinTEK Center Launch Keio ChainHack 2026 Focused on Web3 Innovation

Taisu Ventures, a global Web3 venture capital firm, has announced Keio ChainHack 2026, a one-day pitch and hackathon co-hosted with the Keio FinTEK Center. The event aims to support early-stage builders working on blockchain infrastructure, regulation, and real-world adoption. It will bring together students, founders, academics, and investors to explore practical blockchain applications. The announcement highlighted several portfolio companies: Helix, which provides institutional infrastructure for real-world asset (RWA) tokenization and stablecoins; Lofty, a blockchain-based real estate exchange enabling fractional property ownership; and Pruv, Indonesia’s first licensed platform for permissionless RWA issuance. Each company emphasized Taisu’s active support beyond capital, including strategic partnerships and regulatory guidance. Keio ChainHack 2026 reflects Taisu’s strategy to foster innovation through academic-industry collaboration. Taisu Ventures has over 120 early-stage investments in Web3 sectors and supports the ecosystem through events and founder forums.

TheNewsCrypto01/05 14:24

Taisu Ventures and Keio FinTEK Center Launch Keio ChainHack 2026 Focused on Web3 Innovation

TheNewsCrypto01/05 14:24

New Capital Incentive Pathways Under the New System: The True Picture of Crypto Investment and Financing in 2025

"New Capital Incentive Paths Under New Regulations: The True Picture of Crypto Investment and Financing in 2025" In 2025, the cryptocurrency market achieved substantial regulatory breakthroughs, moving away from its wild growth phase and aligning more closely with mainstream finance. The global crypto market cap reached $3.2 trillion, while stablecoin transaction volumes surpassed $50 trillion, exceeding those of traditional payment giants like Visa and PayPal. This growth was underpinned by two key legislative developments: the enactment of stablecoin legislation, which provided clear legal frameworks for issuers and reserves, and the advancement of a crypto market structure bill, which established a classified regulatory approach. Despite these improvements, the secondary market remained volatile, with Bitcoin experiencing sharp price swings and altcoins performing weakly. In contrast, the primary market displayed a "cautiously active" stance, characterized by a significant shift in investment patterns. A review of the past four years shows a notable decoupling between funding rounds and amounts. In 2024, the number of financing events increased, but the total amount raised remained restrained. By 2025, this trend reversed: the number of deals declined significantly, but the total capital raised increased, with quarterly financing ranging between $3.7 billion and $5.1 billion. This indicates that investors are concentrating their bets on fewer, high-potential projects. Total investment in 2025 reached $17.89 billion across 569 deals. Capital was primarily directed toward CeFi, infrastructure, DeFi, AI, and RWA. Prediction markets emerged as a standout sector, attracting substantial funding due to high investor confidence. In contrast, previously popular areas like DePIN and GameFi saw reduced interest. Notably, prediction market platforms Polymarket and Kalshi led funding, raising approximately $2.5 billion and $1.5 billion, respectively. Layer-1 blockchains also continued to attract investment, with new projects like Tempo and Mond joining established players like Ripple. In summary, the primary market in 2025 is not cooling down but is undergoing a rational restructuring. Capital is becoming more concentrated, focusing on projects with clear regulatory compliance, scalability, and proven potential, signaling a maturation of the crypto investment landscape.

Odaily星球日报01/05 04:40

New Capital Incentive Pathways Under the New System: The True Picture of Crypto Investment and Financing in 2025

Odaily星球日报01/05 04:40

9-Month Valuation Leap: The Capital Logic Behind Manus' Multi-Billion Dollar Acquisition

Meta has acquired AI startup Manus for several billion dollars, marking its third-largest acquisition after WhatsApp and Scale AI. Founded by Xiao Hong, a graduate of Huazhong University of Science and Technology, Manus launched its product in March and was acquired just nine months later. The company, which began in Wuhan, initially faced criticism for being a "shell" product built on existing AI models rather than developing its own. A pivotal move occurred in July when Manus relocated from China to Singapore, downsizing from 120 to 40 core employees to facilitate the acquisition amid geopolitical complexities. The deal was negotiated in just 10 days, reflecting Meta's urgency to strengthen its AI product portfolio against competitors like OpenAI and Google. Manus had achieved $125 million in annual recurring revenue with a global subscription-based user base, presenting Meta with a validated business model. Investors, including Sequoia China, Tencent, and ZhenFund, saw returns of tens of times on their initial investments. Xiao Hong will now serve as a VP at Meta, reporting directly to Mark Zuckerberg. The acquisition underscores a broader trend of Chinese entrepreneurs achieving global success, though often through strategic relocations to navigate regulatory challenges.

比推12/30 04:48

9-Month Valuation Leap: The Capital Logic Behind Manus' Multi-Billion Dollar Acquisition

比推12/30 04:48

From Wuhan to Silicon Valley, Manus Took Nine Months

From Wuhan to Silicon Valley: Manus Acquired by Meta in Nine Months Manus, an AI startup, was acquired by Meta for billions of dollars, marking Meta’s third-largest acquisition after WhatsApp and Scale AI. The deal was finalized just nine months after Manus launched its product in March. Founded by Xiao Hong, a graduate of Huazhong University of Science and Technology, Manus began in Wuhan. Xiao had previously sold two tools: a WeChat public account editor and a CRM tool for enterprise WeChat. Manus, initially criticized as a "shell" product for building on existing models rather than developing its own AI, used models like Claude and Qwen. In July, Manus relocated from China to Singapore, reducing its team from 120 to 40 core members. This move was crucial to facilitate the acquisition by a U.S. company amid regulatory challenges. The negotiation with Meta took only ten days, driven by Meta’s urgent need for a proven AI application—Manus had achieved $125 million in annualized revenue through a global subscription model within eight months. Investors including Sequoia China, Tencent, and ZhenFund saw returns of dozens of times on their investments. Following the acquisition, Xiao Hong became a VP at Meta. While ZhenFund’s partner Liu Yuan declared it the era for young Chinese entrepreneurs, the path to success involved moving the company out of China.

深潮12/30 04:08

From Wuhan to Silicon Valley, Manus Took Nine Months