Episode 115 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro, CoinShares CSO Meltem Demirors, and Aglaé Ventures' Managing Partner Vanessa Grellet.
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In this venture capital-focused segment of The Scoop, CoinShares Chief Strategy Officer Meltem Demirors and Aglaé Ventures Managing Partner Vanessa Grellet explain which crypto verticals are oversaturated, and examine how market dynamics have changed since last year.
Although the crypto industry has experienced many boom-and-bust cycles before, Demirors says “2021 will be one of the worst years for crypto venture returns.”
Demirors explains that one of the reasons for this is a mismatch in block space supply and demand that was created during the proliferation of competing Layer 1 blockchains last year:
“We're seeing that now with all of these overfunded L1s — there's just more block space than there is demand for block space.”
Instead of mimicking existing successful projects, Grellet suggests that up-and-coming crypto projects should identify how they plan to differentiate themselves early on:
“The question is, if you are a new platform coming into space or a new marketplace, what is distinctive that you bring that will allow for the end user to come to your platform rather than going to the existing incumbents?”
During this episode Chaparro, Demirors, and Grellet also discuss:
- The Ethereum Foundation’s Devcon in Bogota
- How macro events have impacted valuations
- The financialization of NFTs
This episode is brought to you by our sponsors Tron, Ledn, Athletic Greens
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