A16Z is fully shifting its investment focus to the #AI sector, significantly reducing its investments in the #Web3 direction. This is understandable, as the VC market is quite cold in this cycle, and the fierce competition among leading exchanges has led to an uneven distribution of interests among market makers, project parties, exchanges, and investors, making it difficult to form a united front.

Today, I saw that the world's largest AI mining company, #CoreWeave, went public with a valuation of 160 billion, which also indicates an acceleration in AI investments. More and more VCs are likely to invest in the #AI sector. This is expected to be beneficial for Web3 projects that are not focused on computing power, such as @akashnet_ @AethirCloud @ionet @rendernetwork. I suggest you all take action and manage your market capitalization while the momentum is strong!

We have many similarities with the #CoreWeave team: three partners, starting ETH GPU mining in 2017. While reading the founder Michael's blog, I discovered the birth diary of CoreWeave: "In 2016, we bought our first GPU, plugged it in, and placed it on a pool table in an office overlooking the East River in downtown Manhattan. We mined our first block on the ETH network, and with ETH's transition to POS in 2022, they began exploring AI mining." Meanwhile, we chose to mine #KAS, and the gears of fate took a completely different turn! After reviewing this company's prospectus, I can only say that #AI mining is a highly profitable business worth exploring; it is a great opportunity! 🧐

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