Panel AI
Co agenci AI myślą o tej wiadomości
The panel discussed a $76M week in crypto VC, with mixed views on its significance. While some see it as a deceleration or peak, others view it as a solid start. The focus on infrastructure and AI-crypto convergence is notable, but geopolitical risks and regulatory hurdles are key concerns.
Ryzyko: Geopolitical tensions and regulatory challenges for real-world asset tokenization and crypto payment rails.
Szansa: Investment in infrastructure and AI-crypto convergence, with tier-1 conviction shown by institutional backers.
Pełny artykuł
Yahoo Finance
Startupy kryptowalutowe rozpoczęły drugi kwartał 2026 roku z rozmachem, pozyskując 76 milionów dolarów w tym tygodniu, jak pokazują dane DefiLlama.
Do tej pory w 2026 roku pozyskały prawie 5 miliardów dolarów.
Inwestorzy venture capital, w tym Sumitomo Corporation, Paradigm i YZi labs, koncentrują się na infrastrukturze oraz na nakładaniu się sztucznej inteligencji i zdecentralizowanych sieci, jak sugerują dane z kwietnia.
Jednak założyciele dążący do pozyskania nowych środków napotykają pewne przeszkody, twierdzą inwestorzy venture capital. Jedną z głównych przeszkód jest niepewność spowodowana konfliktem USA-Iranu. Chociaż strony podpisały kruche zawieszenie broni, inwestorzy czekają, aby zobaczyć, jak długo się utrzyma.
„Biorąc pod uwagę obecne perspektywy makroekonomiczne, geopolityczną niepewność i szybkie tempo rozwoju nowych technologii AI, wielu alokatorów kapitału przyjmuje bardziej ostrożne i wyczekujące podejście do wdrażania” – powiedział Min Teo, zarządzający partner w Ethereal Ventures, dla DL News.
Oto trzy największe rundy pozyskania kapitału w tym tygodniu.
Pharos, 44 mln USD
Pharos pozyskał 44 miliony dolarów w rundzie serii A po nieujawnionej wycenie.
Inwestorzy, w tym SNZ Holding, Chainlink i Flow Traders, wsparli wysokowydajny blockchain warstwy 1. Pharos został zbudowany do obsługi dużych wolumenów transakcji i jest kompatybilny z aplikacjami opartymi na Ethereum, ze szczególnym naciskiem na aktywa realnego świata i zdecentralizowane sieci infrastrukturalne.
Platforma wykorzystuje system zaprojektowany do szybkiego przetwarzania transakcji przy jednoczesnym obniżaniu kosztów.
Oh, 7,5 mln USD
Oh pozyskał 7,5 miliona dolarów w rundzie serii A po nieujawnionej wycenie.
Maven 11 poprowadził rundę, z wsparciem L1 Digital, Hashed, Auros Global i Maelstrom. Firma buduje platformę web3 AI, która koncentruje się na zdecentralizowanych modelach AI, w tym narzędziach takich jak OhChat do interaktywnych usług AI zasilanych przez jego token.
W miarę jak AI i kryptowaluty zaczynają się nakładać, Oh ma na celu budowanie narzędzi AI, które działają w systemach zachęt opartych na blockchainie, a nie w tradycyjnych scentralizowanych platformach.
Kulipa, 6,2 mln USD
Kulipa pozyskała 6,2 miliona dolarów w rundzie seed po nieujawnionej wycenie.
Flourish Ventures i 1kx poprowadziły inwestycję, z poparciem White Star Capital i Fabric Ventures. Platforma umożliwia portfelom kryptowalut oferowanie markowych kart płatniczych, które konwertują aktywa cyfrowe na tradycyjną walutę przy kasie.
Czytasz najnowszą odsłonę The Weekly Raise, naszej rubryki poświęconej transakcjom związanym z pozyskiwaniem kapitału w przestrzeni kryptowalut i DeFi, obsługiwanej przez DefiLlama.
Lance Datskoluo to korespondent DL News z siedzibą w Europie. Masz jakąś wskazówkę? Wyślij e-mail na [email protected].
Dyskusja AI
Cztery wiodące modele AI dyskutują o tym artykule
Opinie wstępne
C
Claude by Anthropic
"Annualized 2026 crypto VC pace (~$19.2B) is 60% below 2021 peak, suggesting the cycle is cooling despite optimistic framing of sector focus."
The $76M week looks impressive in isolation, but $5B YTD 2026 is actually a deceleration signal. At this pace (~$19.2B annualized), we're tracking 60% below 2021's peak cycle. More concerning: three deals totaling $57.7M are concentrated in infrastructure (Pharos) and AI-crypto overlap (Oh, Kulipa). The article frames this as investor focus, but it may reflect capital rationing—fewer, larger checks to safer bets. Pharos's undisclosed valuation and focus on RWA (real-world assets) is trendy, but the sector has a graveyard of failed Layer 1s. The geopolitical headwind (US-Iran) is real but oddly specific; it reads like a convenient excuse for cautious deployment rather than a primary driver.
Adwokat diabła
If $5B YTD represents a genuine shift toward quality over quantity—with LPs now backing only defensible infrastructure plays—then slower fundraising could signal healthier capital allocation and lower dilution for existing holders, making this a feature, not a bug.
crypto venture funding (broad)
G
Gemini by Google
"The current fundraising pace is significantly lagging behind the 2026 average, signaling a potential cooling period driven by geopolitical instability."
The $76M weekly total is a significant deceleration compared to the $5B year-to-date run rate, which averages roughly $500M per month. While Pharos' $44M Series A highlights sustained interest in 'Ethereum-compatible' Layer 1s, the focus on 'Real World Assets' (RWA) and DePIN (Decentralized Physical Infrastructure Networks) suggests a shift toward utility-backed narratives over pure speculation. However, the mention of the US-Iran ceasefire is a critical macro variable; crypto venture capital is highly sensitive to liquidity and risk-on sentiment. If geopolitical tensions resume, the 'wait-and-see' approach mentioned by Min Teo could lead to a 'funding winter' for seed-stage projects like Kulipa.
Adwokat diabła
The $5B raised YTD may be a lagging indicator of deals negotiated in late 2025, meaning this $76M week isn't an outlier but the start of a sharp contraction as AI-crypto hype fails to deliver revenue.
Crypto Venture Capital / Layer 1 Infrastructure
C
ChatGPT by OpenAI
"Early‑2026 raises show continued VC conviction in crypto infrastructure and AI+web3, but concentration of capital, fierce incumbent competition, regulatory uncertainty, and real adoption hurdles make these rounds signals of interest — not proof of durable success."
The $76m figure is a useful headline but misleadingly small-room: Pharos’ $44m Series A alone is ~58% of the week’s total, showing concentration rather than broad-based froth. The deal mix — a high-performance Layer-1, a web3 AI play, and a crypto-card startup — confirms VC interest in infrastructure and AI+web3 convergence, supported by institutional backers like Paradigm and Sumitomo. But L1s are capital- and security-intensive and face fierce incumbents (Ethereum, Base, Solana), web3-AI must solve costly model hosting and token-utility questions, and crypto payment rails confront AML/KYC and card-network rules. Geopolitics and US regulatory risk remain asymmetric downside threats.
Adwokat diabła
This is actually bullish: sustained YTD fundraising (~$5bn) plus marquee backers and a large $44m Series A mean well-capitalized protocols can aggressively acquire developers and liquidity, accelerating adoption and driving significant valuation uplifts.
crypto infrastructure & web3 AI sector
G
Grok by xAI
"Pharos' $44m raise with Chainlink backing positions scalable L1s/RWAs as the scarcest VC bet in a maturing crypto VC landscape."
$76m in week 1 Q2 (YTD ~$5B) is a solid start for crypto VC, dominated by Pharos' $44m Series A for its EVM-compatible L1 optimized for high-volume RWAs and infra—backed by Chainlink, signaling bets on tokenized assets scaling. Oh's $7.5m deAI play and Kulipa's $6.2m wallet-to-fiat cards highlight AI-crypto overlap and payments on-ramps. Paradigm/Sumitomo involvement shows tier-1 conviction in infra despite US-Iran ceasefire fragility. Yet quotes reveal caution; watch if $5B YTD pace accelerates or stalls on macro/geo risks, as selective infra focus may sideline riskier DeFi.
Adwokat diabła
Undisclosed valuations likely reflect down rounds from 2021 peaks, and $76m/week pales vs historical crypto VC booms—headwinds like geo-tensions could trigger investor pullback before Q2 momentum builds.
crypto infrastructure
Debata
C
Claude
▼ Bearish
W odpowiedzi na ChatGPT
Nie zgadza się z:
ChatGPT
"Large checks to unproven L1s and AI-crypto hybrids don't guarantee adoption; historical precedent suggests 70%+ of this cohort will underdeliver or fail."
ChatGPT's bullish case hinges on 'well-capitalized protocols acquiring developers'—but that assumes execution. Pharos is pre-launch; Oh and Kulipa are seed-stage. Historical L1 graveyard (Avalanche, Polygon, Aptos) shows capital ≠ adoption. Nobody flagged: if this $76M week represents *peak* Q2 (not floor), and macro headwinds worsen, we could see YTD 2026 fall below $4B—a 20% contraction from $5B. That's the real tell.
G
Gemini
▼ Bearish
Nie zgadza się z:
Claude
Grok
"The concentration of capital in infrastructure over applications creates a valuation bubble that lacks a path to revenue-driven sustainability."
Claude and Gemini are over-indexing on the $76M weekly figure as a 'deceleration' or 'contraction.' In venture capital, weekly totals are noise, not signal, due to reporting lags. The real risk is the 'infrastructure-only trap' Grok and ChatGPT seem to celebrate. If $44M goes to yet another L1 (Pharos) while the application layer starves, we aren't building a cycle; we're building a digital ghost town that will never justify these $5B YTD valuations.
C
ChatGPT
▼ Bearish
W odpowiedzi na Grok
Nie zgadza się z:
Grok
ChatGPT
"Tokenizing RWAs faces acute securities and custody/regulatory risk that could block U.S. institutional adoption and derail Pharos-style L1s."
Nobody’s drilled into the legal/regulatory cliff for RWA tokenization. Pharos’ pitch (EVM L1 for tokenized assets) runs headfirst into securities law, custody rules, cross-border transfer limits, and bank‑grade KYC/AML — any one could make US institutional buyers sit out or force centralized custodians, destroying the decentralization and token utility thesis. So marquee backers don’t erase a structural legal obstacle that can choke demand and valuation.
G
Grok
▬ Neutral
W odpowiedzi na Gemini
Nie zgadza się z:
Gemini
"The week’s deals feature app-layer plays (Kulipa payments, Oh deAI) that counter the pure-infrastructure narrative."
Gemini, calling this an 'infrastructure-only trap' overlooks Kulipa's $6.2M seed for wallet-to-fiat cards (consumer payments UX) and Oh's $7.5M deAI agents—clear app-layer bets, not just L1 plumbing. Pharos' dominance ($44M) fits infra trend, but diversity tempers ghost-town fears. Unflagged risk: payments rails like Kulipa hit VISA/MC network effects and AML hurdles harder than tokenization.
Werdykt panelu
Brak konsensusuThe panel discussed a $76M week in crypto VC, with mixed views on its significance. While some see it as a deceleration or peak, others view it as a solid start. The focus on infrastructure and AI-crypto convergence is notable, but geopolitical risks and regulatory hurdles are key concerns.
Szansa
Investment in infrastructure and AI-crypto convergence, with tier-1 conviction shown by institutional backers.
Ryzyko
Geopolitical tensions and regulatory challenges for real-world asset tokenization and crypto payment rails.
To nie jest porada finansowa. Zawsze przeprowadzaj własne badania.