Looking back at the two years from 2021 to 2022, the investment community didn't really figure out whether metaverse projects could truly succeed. What was the result? A bunch of projects that weren't even worth funding still managed to get money. This era of blindly burning cash has now come to an end.

However, to put it another way, DAT (Active Management Investment Tools) is definitely not a flash in the pan. As long as the market exists, professional, actively managed investment tools will always have their value — everyone understands this principle, the key is how to use it well.

An interesting trend is emerging: more and more project teams are realizing that instead of relying on traditional financing channels, it’s better to transform their foundations directly into investment platforms. The benefits of doing so are obvious — project teams can have a more direct grasp of the ecosystem development direction, and they can also generate additional income through investments. This self-empowering approach might become the norm in the future.

Overall, the crypto VC market is shifting from frenzy back to professionalism. Those institutions that can calmly assess project value and rationally allocate funds will be the winners in the next cycle. As for where the next investment hotspot is, don’t rush — wait until the market has cooled down and calmed itself first.