Crypto venture capital fund Reforge has raised $25 million and aims to raise $80 million

Odaily Planet Daily News: Crypto venture capital fund Reforge plans to raise $80 million, and has already raised $25 million. Alexander Lin, co-founder and general partner of Reforge, and Carl Hua, co-founder, previously held senior positions at Shima Capital until they resigned in January and founded Reforge, hoping to find technology that would make it easier for founders and developers to accept blockchain. "We believe that the current state of L1 blockchain is not suitable for the best consumer founders In addition, Lin believes that the main reason for the poor performance of many highly anticipated new cryptocurrencies launched this year is that capital allocators are pushing for rapid token launches to generate returns. It also criticized the phenomenon of overheated investment in cross-border startups of encryption and artificial intelligence, and questioned the feasibility of decentralized computing networks meeting the power demand of AI tools. (Bloomberg)