Prominent Angel Investor Explains Why Most Crypto Projects Die

American entrepreneur Naval Ravikant has shared his take on the short lifespan of cryptocurrency projects

American entrepreneur Naval Ravikant, who is known as one of the most prominent angel investors in Silicon Valley, has Shiba Inu Might Skyrocket if This Happens, Dogecoin Lost 15% but It's Ok, Bitcoin $70,000 Comeback After This?In response to Ravikant's post, Aaron Jacobson, marketing lead at the X social media platform, has commented that a lot of cryptocurrency projects fail to survive due to the fact that they come up with their own tokens with questionable decentralization instead...

, claims that the crypto space has historically been a world of"value capture" that precedes the creation of value. Hence, this leads to the creation of wealth before the quest is finished. However, Draper has noted that this is seemingly changing now. Zaki Manian of Sommelier Protocol has noted that things have gotten better now that the market has stopped mispricing pre-revenue cryptocurrency projects.

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