The economic landscape may seem dire at the moment, but it's unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead.
In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform based on its own fundamentals, regardless of the conditions indicated by traditional risk metrics:During the first half of this year, Pantera Capital raised about $1.3 billion in capital for its blockchain fund, with a special emphasis on scalability, DeFi, and gaming projects. "We've been very focused on Defi the last few years, it's building a parallel financial system.
Gaming is coming online now and we have a couple hundred million people using blockchain. There's a lot of really cool gaming projects, and there still are a lot of opportunities in the scalability sector", he added.
Long-term optimism contrasts with the actual drop in venture capital in the industry, however. August saw the fourth consecutive month-on-month decline in capital to $1.36 billion, according to Cointelegraph Research data.Read more on cointelegraph.com