Multicoin Capital rules out pure AI investments, keeps crypto focus
- —Multicoin will not extend its mandate to pure AI, unlike Paradigm and Haun Ventures
- —Its $422 million 2022 fund is deploying slowly after post-FTX valuation drops
- —HYPE remains the largest position in Multicoin's hedge fund
- —Multicoin manages $2.7 billion in assets
Why it matters: A major crypto VC reaffirming a crypto-only strategy signals continued institutional conviction in tokens such as HYPE.
Source: ChainCatcher 链捕手