Crypto VCs can't just buy 'community'

Hello everyone, and welcome back to Chain ReactionIn our Chain Reaction podcast this week, Anita and I chatted with Kevin Rose of True Ventures and Proof Collective on the latest crypto crash and what the future of NFTs looks like in a bear market. But it was a different kind of doozy than the crashes before it.For a brief summation, hundreds of billions in value were erased from the global crypto market cap this week as top coins like Ethereum and Bitcoin saw major declines while other blockchain networks essentially imploded. You can read more about the issues that have been plaguing Bitcoin and what its backers are doing to help boost it in my latest feature here.Bitcoin’s bid to become the ‘one chain to rule them all’Don’t forget to check out this week’s episode of Chain Reaction to hear Kevin Rose, co-founder of the viral Moonbirds NFT project, share some words of wisdom amid the downturn.Subscribe to Chain Reaction on Apple, Spotify or your alternative podcast platform of choice to keep up with us every week.— Anita RamaswamyWhere startup money is moving in the crypto world:Terra’s UST crash will make life harder for crypto as regulation looms