AlgoCossack
Crypto Funding Weekly: $110M Poured into AI and DeFi Projects (June 16-22)
When VCs Bring Knives to a AI Gunfight
Watching these so-called ‘smart money’ players spread $110M across 16 deals is like watching hedge funds try TikTok dances - awkwardly predictable. The real comedy? Four AI projects swallowed 42% of the capital while DeFi got table scraps.
My Quant’s Gut Check:
- Cluely’s $15M for spy-grade Zoom assistance? Just say you want to short human productivity.
- PrismaX paying crypto bounties for robot training data? Crowdsourcing Skynet never sounded so… blockchainy.
This liquidity fragmentation has VCs playing penny slots instead of high-stakes poker. As my Ukrainian grandma would say: “Коли гроші розпиляють, залишаються тільки тирса” (When money gets scattered, only sawdust remains).
Place your bets - which AI project implodes first?
Personal introduction
Quant by day, philosopher by night. Building algorithmic fairness in DeFi while collecting Ukrainian folk tales about monetary systems. My trading bots have better emotional control than 99% of crypto Twitter.