Multicoin Capital Rules Out Pure AI Investments, Keeps Crypto Focus

Multicoin Capital general partner and venture capital co-head Spencer Applebaum said the firm will keep its investments centered on crypto and avoid pure artificial intelligence projects as several peers expand beyond the sector. Applebaum said Multicoin sees its strongest advantage in crypto. He also said many investors are stretching to find connections between crypto and AI. Paradigm, Framework Ventures and Haun Ventures have broadened their investment focus beyond crypto. Multicoin’s position still leaves room for crypto projects that serve AI users.

Source: TokenPost