加密貨幣創投熱潮：資金激增和肆無忌憚的樂觀情緒

加密貨幣和區塊鏈領域的創投正在復甦，2024 年第一季的融資額較上一季成長了 25%。這種成長是由多種因素推動的，包括監管方面的勝利、對 DeFi 不斷增長的需求以及該行業在最近的挫折中的復原力。

Crypto Venture Renaissance: A Surge in Funding and Unbridled Optimism

加密貨幣風險復興：資金激增和肆無忌憚的樂觀情緒

In the realm of venture capital, the cryptocurrency and blockchain space is experiencing an unprecedented resurgence, with a staggering $2.52 billion raised in the first quarter of 2024 alone. This remarkable surge represents a 25% increase from the previous quarter and underscores a profound shift in sentiment from the arduous fundraising environment that has plagued the industry in recent years.

在創投領域，加密貨幣和區塊鏈領域正在經歷前所未有的復甦，光是 2024 年第一季就籌集了驚人的 25.2 億美元。這一顯著的成長比上一季成長了 25%，突顯出近年來困擾該產業的艱難融資環境帶來的情緒深刻轉變。

Several key factors are fueling this renewed enthusiasm among investors. Groundbreaking legal victories for industry titans like Ripple and Grayscale have established a more favorable regulatory landscape, while the burgeoning demand for decentralized finance (DeFi) on platforms like Solana is captivating the attention of savvy investors.

有幾個關鍵因素正在激發投資者的新熱情。 Ripple 和 Grayscale 等行業巨頭取得的突破性法律勝利建立了更有利的監管環境，而 Solana 等平台上對去中心化金融 (DeFi) 的需求不斷增長，吸引了精明投資者的注意力。

The resilience of the crypto industry in the face of major setbacks – including the catastrophic collapse of LUNA Terra, BlockFi, and FTX – has demonstrated an unwavering staying power that has bolstered investor confidence.

加密產業在面對重大挫折（包括 LUNA Terra、BlockFi 和 FTX 的災難性崩盤）時所表現出的韌性，展現了堅定不移的持久力，增強了投資者的信心。

This renewed optimism is driving a surge in deal flow across diverse sectors within the crypto startup ecosystem, including DeFi, SocialFi, and Bitcoin layer-2 growth. Venture capitalists are racing to keep pace with the influx of promising new ventures, with some firms reporting a staggering 10-20% increase in weekly deal flow compared to the previous quarter, according to TechCrunch.

這種新的樂觀情緒正在推動加密新創生態系統內不同領域的交易流量激增，包括 DeFi、SocialFi 和比特幣第二層成長。根據 TechCrunch 報導，創投家正在競相跟上有前途的新企業湧入的步伐，一些公司報告稱，與上一季相比，每週交易量增加了 10-20%。

The convergence of crypto with artificial intelligence (AI) is also gaining considerable traction. Innovative modular and AI-integrated blockchains like 0G Labs and Io.net are securing substantial funding to advance their game-changing platforms.

加密貨幣與人工智慧（AI）的融合也獲得了相當大的關注。 0G Labs 和 Io.net 等創新模組化和人工智慧整合區塊鏈正在獲得大量資金來推進其改變遊戲規則的平台。

"The fusion of blockchain technology with AI is an innovation that is igniting a transformative shift towards more intelligent and autonomous systems," said Garrison Yang, Chief Marketing Officer at Io.net. "This convergence unlocks new possibilities, enabling smart contracts to evolve into active frameworks that respond intelligently to real-time data and changes, driving unprecedented efficiency and scalability across industries."

Io.net 首席行銷長 Garrison Yang 表示：“區塊鏈技術與人工智慧的融合是一項創新，正在引發向更智能和自主的系統的變革性轉變。” “這種融合釋放了新的可能性，使智能合約能夠演變成主動框架，智能地響應實時數據和變化，推動各行業前所未有的效率和可擴展性。”

This highly competitive landscape among venture capitalists has created a founder-friendly market, where investors are actively pitching their value to secure allocations in oversubscribed funding rounds. The trend is particularly prevalent in sectors with technological intersections, such as crypto mining. BlockDAG, a rising star in the blockchain arena, recently raised an impressive $21 million over the first 20 days of its ongoing funding round.

創投家之間高度競爭的格局創造了一個對創辦人友善的市場，投資人積極推銷自己的價值，以確保在超額認購的融資輪次中獲得分配。這種趨勢在技術交叉的領域尤其普遍，例如加密貨幣挖礦。 BlockDAG 是區塊鏈領域的後起之秀，最近在其正在進行的融資輪的前 20 天內籌集了令人印象深刻的 2,100 萬美元。

"The substantial investment in our early stages underscores the broader market enthusiasm for innovative solutions in crypto mining, which continue to drive scalability and efficiency across blockchain technologies," stated Charlie Lee, a member of BlockDAG's Advisory Board.

BlockDAG 顧問委員會成員 Charlie Lee 表示：“我們早期階段的大量投資凸顯了更廣泛的市場對加密貨幣挖礦創新解決方案的熱情，這些解決方案將繼續推動區塊鏈技術的可擴展性和效率。”

This influx of capital signifies a robust confidence in BlockDAG's unique position within the evolving landscape of blockchain and its applications.

這種資本的湧入表明人們對 BlockDAG 在不斷發展的區塊鏈及其應用領域中的獨特地位充滿信心。

Furthermore, companies are once again exploring token issuance as a means of fundraising, marking a shift from the post-Terra/LUNA collapse era when most seed deals were funded through traditional equity instruments. The rising interest in IDOs (initial DEX offerings) and similar models is driving this trend, as these platforms offer immediate liquidity and a broader investor base without the intermediation of conventional financial structures.

此外，該公司再次探索代幣發行作為融資手段，這標誌著 Terra/LUNA 崩潰後時代的轉變，當時大多數種子交易都是透過傳統股權工具融資的。人們對 IDO（首次 DEX 產品）和類似模式的興趣日益濃厚，正在推動這一趨勢，因為這些平台無需傳統金融結構的中介即可提供即時流動性和更廣泛的投資者基礎。

While some venture capitalists remain cautious about the long-term performance of these tokens, the market is witnessing increased experimentation with tokenomic models. According to TokenMinds, this resurgence in token-based fundraising reflects a significant evolution from earlier fundraising methods, emphasizing the need for strategic tokenomics and community engagement to ensure success and sustainability.

儘管一些創投對這些代幣的長期表現仍然持謹慎態度，但市場正在見證代幣經濟模型的實驗不斷增加。據 TokenMinds 稱，基於代幣的籌款活動的復甦反映了早期籌款方法的重大演變，強調了戰略代幣經濟學和社區參與的必要性，以確保成功和可持續性。

Looking forward, the crypto venture space is poised to continue its upward trajectory throughout the remainder of 2024. The upcoming Bitcoin halving in 2028 has generated a mix of uncertainty and optimism. Historical data suggests that past halving events have propelled the price of bitcoin, but the future remains uncertain. Nonetheless, many venture capitalists are bullish on the next three quarters, anticipating positive gains in financial markets during the election year and improvements in the macro environment.

展望未來，加密貨幣創投領域預計將在 2024 年剩餘時間內繼續保持上升趨勢。歷史數據表明，過去的減半事件推動了比特幣的價格上漲，但未來仍然不確定。儘管如此，許多創投家仍看好未來三個季度，預計選舉年金融市場將出現正面成長，宏觀環境也會有所改善。

Regulatory developments continue to be a wild card in the crypto industry, with the potential to either catalyze further growth or hinder progress. Positive progress on the regulatory front, coupled with real on-chain momentum, institutional-based product launches, and an improved macroeconomic environment, could lead to "frenzy levels of deployment," according to industry experts.

監管發展仍然是加密貨幣行業的一個不確定因素，有可能促進進一步成長或阻礙進步。行業專家表示，監管方面的積極進展，加上真正的鏈上動力、基於機構的產品發布以及宏觀經濟環境的改善，可能會導致「瘋狂的部署水平」。

As the crypto industry emerges from the shadow of FTX, limited partners (LPs) are gradually warming up to the space once again. However, some LPs are differentiating between 'crypto' and 'crypto venture,' potentially leading to a focus on Bitcoin exposure rather than broader crypto investments. Traditional venture capital firms and crossover funds are cautiously re-entering the market, and their increased participation could further fuel the frothiness of the crypto venture sector.

隨著加密貨幣產業走出 FTX 的陰影，有限合夥人（LP）再次逐漸升溫。然而，一些有限合夥人正在區分“加密貨幣”和“加密貨幣風險投資”，這可能導致他們將重點放在比特幣投資上，而不是更廣泛的加密投資。傳統創投公司和交叉基金正在謹慎地重新進入市場，他們的參與度增加可能會進一步加劇加密貨幣創投領域的泡沫。

In conclusion, the crypto startup world is experiencing a remarkable resurgence, with millions of dollars pouring into promising startups. The Bitcoin halving, regulatory wins, and growing investor confidence are fueling market optimism. As venture capital firms raise new funds and accelerate deployments, the industry is poised for significant growth in the coming quarters. While challenges and uncertainties remain, the resilience and innovation of the crypto industry continue to attract investors seeking to capitalize on the next wave of technological disruption.

總之，加密貨幣新創公司世界正在經歷顯著的復甦，數百萬美元湧入有前途的新創公司。比特幣減半、監管勝利以及投資者信心的增強正在激發市場的樂觀情緒。隨著創投公司籌集新資金並加速部署，該行業預計將在未來幾季實現顯著成長。儘管挑戰和不確定性仍然存在，但加密產業的彈性和創新繼續吸引尋求利用下一波技術顛覆浪潮的投資者。