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Imran, a general partner at Alliance, said that the main topic of discussion at the recent limited partner (LP) dinner was the shift of capital and talent from crypto to cutting-edge technologies such as AI and robotics. The crypto industry is shifting from early experimentation to a focus on Wall Street, TradeFi, payments, and fintech, resulting in narrowing investment opportunities. The industry faces competition for talent from emerging sectors and pressure to evolve towards more mature financial infrastructure. Large crypto VCs are expanding into areas such as robotics and physical AI, mainly because pure crypto funds are difficult to match the expected returns of venture capital.