The 'kumbaya' era of crypto VC has come to an end, says Dragonfly's Haseeb Qureshi

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The Block2024/04/02 18:04

By:The Block

Quick Take Dragonfly’s Haseeb Qureshi explains how the crypto VC landscape is becoming increasingly competitive.

The 'kumbaya' era of crypto VC has come to an end, says Dragonfly's Haseeb Qureshi image 0

Episode 16 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Dragonfly managing partner, Haseeb Qureshi.

Listen below, and subscribe to The Scoop on YouTube , Apple , Spotify , Google Podcasts , Stitcher , or wherever you listen to podcasts. Please send feedback and revision requests to [email protected] .

Haseeb Qureshi is a managing partner at the crypto VC firm Dragonfly.

In this episode of The Scoop, Qureshi explains how the crypto VC landscape has changed during his five years at Dragonfly and why he believes 'points' are a more useful mechanism than airdrops for incentivizing user behavior.

OUTLINE
00:00 Introduction
05:41 Dragonfly Early Days
09:45 Early Crypto VC
13:14 Competing in Layer-1s
26:11 Old Blockchains
29:26 Points
31:47 Airdrop Mechanism Design
37:38 Closing Thoughts

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Crypto markets crashed after President Trump’s weekend tariff announcements, with bitcoin dropping over 10%, ether plunging 36% and leading memecoins falling more than 40% amid broad risk-off sentiment.South Korea’s bitcoin “kimchi premium” surged to a 10-month high of 9.7% on Monday as local prices remained steady amid a broader global crypto sell-off, according to data from CryptoQuant.

The Block•2025/02/03 20:34