From FTX to Coinbase ventures, plenty of VCs have made big crypto bets that could actually pan out

From FTX to Coinbase ventures, plenty of VCs have made big crypto bets that could actually pan out. In recent weeks, an interesting storyline has emerged concerning the intersection of venture capital and crypto. Discussions on the topic have mostly revolved around VC firms getting burned by ill-advised crypto bets—most notoriously, Sequoia vaporizing $200 million on FTX—but there is another aspect to the story.