加密，VCS和基础设施：建立未来，而不仅仅是押注模因

风险投资正在涌入加密货币，但这一次是关于基础设施的。发现智能资金的去向以及哪些项目有利于受益。

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，伙计们！ “加密，风险投资和基础设施”的世界正在嗡嗡作响，风险投资重返加密货币空间，重点是建立生态系统的骨干，而不是追逐短暂的模因硬币。

A Billion-Dollar Bet on Building Blocks

在基础上下注十亿美元

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.

仅上周，就在加密货币领域内的基础设施和AI项目中涌入了超过10亿美元的资金。这不仅仅是备用更改；这是一个陈述。聪明的钱认识到建造加密货币世界的基本层的长期潜力。 Satsuma，QCEX和XTAO是这笔资金去向的好例子。

Decoding the Trend: Infrastructure Over Hype

解码趋势：炒作基础设施

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.

最近的资金浪潮中有一半以上是针对基础设施和AI的。这包括索引层，链上计算和受管制基础架构。放大，H1 2025加密货币的资金已经超过165亿美元，超过了2024年和2023年的年度总数。如果您的俯仰甲板提到AI或加密基础设施，VCS绝对感兴趣。

Key Players and Their Strategies

主要参与者及其策略

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.

几家加密VC和Web3资金是将加密资产集成到上市公司资产负债表中的最前沿。 Pantera Capital，Animoca Brands，Sora Ventures，DWF实验室和大脑持有的机构正在采用各种策略，包括管道投资，可转换债券和反向合并，以促进加密货币购买，标记的股权和链式库务管理。

Coins to Watch as Infrastructure Investment Surges

硬币观察基础设施投资激增

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:

随着VCS将认真的现金投入加密基础设施，有些硬币比其他硬币更好地利用了资本化。这里有一些要关注的地方：

• 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)

一个谨慎的话（以及一些个人想法）

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.

尽管对基础设施的关注是有希望的，但重要的是要记住，加密货币市场仍然可以动荡。并非每个项目都会成功，并且彻底的研究始终至关重要。

Looking Ahead: A Sustainable Crypto Future?

展望未来：可持续的加密未来？

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.

向基础设施的转变表明了一个成熟的市场，即现实世界的应用和长期价值优先于短暂的炒作。就像加密货币世界终于为摩天大楼建立了坚实的基础，而不仅仅是建造纸牌屋。

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，请密切关注这些基础设施项目，做作业，谁知道？您可能只会在“加密vcs，基础架构”传奇中捕获下一个大浪。