加密，VCS和基礎設施：建立未來，而不僅僅是押注模因

風險投資正在湧入加密貨幣，但這一次是關於基礎設施的。發現智能資金的去向以及哪些項目有利於受益。

Hold on to your hats, folks! The world of 'Crypto, VCs, and Infrastructure' is buzzing, with venture capital roaring back into the crypto space, focusing on building the backbone of the ecosystem rather than chasing fleeting meme coins.

抓住你的帽子，伙計們！ “加密，風險投資和基礎設施”的世界正在嗡嗡作響，風險投資重返加密貨幣空間，重點是建立生態系統的骨幹，而不是追逐短暫的模因硬幣。

A Billion-Dollar Bet on Building Blocks

在基礎上下註十億美元

Last week alone, over $1 billion was poured into infrastructure and AI projects within the crypto realm. This isn't just spare change; it's a statement. Smart money recognizes the long-term potential in constructing the fundamental layers of the crypto world. Satsuma, QCEX and xTAO are great examples of where this funding is going.

僅上週，就在加密貨幣領域內的基礎設施和AI項目中湧入了超過10億美元的資金。這不僅僅是備用更改；這是一個陳述。聰明的錢認識到建造加密貨幣世界的基本層的長期潛力。 Satsuma，QCEX和XTAO是這筆資金去向的好例子。

Decoding the Trend: Infrastructure Over Hype

解碼趨勢：炒作基礎設施

More than half of the recent funding wave is directed towards infrastructure and AI. This includes indexing layers, on-chain compute, and regulated infrastructure. Zooming out, the H1 2025 crypto funding has already surpassed $16.5 billion, exceeding the annual totals for both 2024 and 2023. If your pitch deck mentions AI or crypto infrastructure, VCs are definitely interested.

最近的資金浪潮中有一半以上是針對基礎設施和AI的。這包括索引層，鏈上計算和受管制基礎架構。放大，H1 2025加密貨幣的資金已經超過165億美元，超過了2024年和2023年的年度總數。如果您的俯仰甲板提到AI或加密基礎設施，VCS絕對感興趣。

Key Players and Their Strategies

主要參與者及其策略

Several crypto VCs and Web3 funds are at the forefront of integrating crypto assets into public companies' balance sheets. Institutions like Pantera Capital, Animoca Brands, Sora Ventures, DWF Labs, and Big Brain Holdings are employing various strategies, including PIPE investments, convertible bonds, and reverse mergers, to facilitate cryptocurrency purchases, tokenized equity, and on-chain treasury management.

幾家加密VC和Web3資金是將加密資產集成到上市公司資產負債表中的最前沿。 Pantera Capital，Animoca Brands，Sora Ventures，DWF實驗室和大腦持有的機構正在採用各種策略，包括管道投資，可轉換債券和反向合併，以促進加密貨幣購買，標記的股權和鍊式庫務管理。

Coins to Watch as Infrastructure Investment Surges

硬幣觀察基礎設施投資激增

With VCs pumping serious cash into crypto infrastructure, some coins are better positioned than others to capitalize. Here are a few to keep an eye on:

隨著VCS將認真的現金投入加密基礎設施，有些硬幣比其他硬幣更好地利用了資本化。這裡有一些要關注的地方：

• Bitcoin Hyper (HYPER): A Layer-2 scaling solution bridging Bitcoin and Solana, enabling DeFi, payments, and NFTs to run natively on Bitcoin.
• Altlayer (ALT): A platform allowing developers to create custom rollups across Arbitrum, Base, Optimism, and Solana.
• Optimism (OP): With the “Superchain” vision, Optimism’s fundamentals are solid, supported by Coinbase’s Base and Worldcoin’s World Chain running the OP Stack.
• SUBBD (SUBBD): Aiming to revolutionize creator monetization using Web3, AI, and token incentives.

A Word of Caution (and Some Personal Thoughts)

一個謹慎的話（以及一些個人想法）

While the focus on infrastructure is promising, it's important to remember that the crypto market can still be volatile. Not every project will succeed, and thorough research is always crucial.

儘管對基礎設施的關注是有希望的，但重要的是要記住，加密貨幣市場仍然可以動盪。並非每個項目都會成功，並且徹底的研究始終至關重要。

Looking Ahead: A Sustainable Crypto Future?

展望未來：可持續的加密未來？

The shift towards infrastructure suggests a maturing market, one where real-world applications and long-term value are taking precedence over fleeting hype. It's like the crypto world is finally building a solid foundation for a skyscraper instead of just constructing a house of cards.

向基礎設施的轉變表明了一個成熟的市場，即現實世界的應用和長期價值優先於短暫的炒作。就像加密貨幣世界終於為摩天大樓建立了堅實的基礎，而不僅僅是建造紙牌屋。

So, keep an eye on those infrastructure projects, do your homework, and who knows? You might just catch the next big wave in the 'Crypto, VCs, Infrastructure' saga.

因此，請密切關注這些基礎設施項目，做作業，誰知道？您可能只會在“加密vcs，基礎架構”傳奇中捕獲下一個大浪。