[Wu Blockchain News] Highlight Clip: Michael Dempsey: Crypto VC Has Been Nearly Dead for Two Years as AI Draws Away Talent

He argued the sector needs more builders and better token incentive designs, warning that tokenization can undermine long-term alignment. Dempsey noted that some fully distributed tokens are starting to demonstrate real value, letting investors evaluate fundamentals instead of narratives. In VC, he said few founders are pursuing ideas beyond perpetual futures DEXs. The takeaway for investors is that crypto fundraising and innovation may stay subdued until talent returns or new use cases emerge beyond perps.