There are a lot of market outlooks and themes - you can read some of them here - Coinbase, Messari, a16z. You can also read our fund’s detailed long term Web 3 thesis here. We have been in a bear market since the time Fed indicated they will raise interest rates (Nov/Dec 2021). DeFi had already been on a downward trend by then. However, this bear market is different. There is significant amount of capital on the sidelines that wants to deploy across venture and liquid, even if some of it may ...
