⭐Ethereum rises, is encryption VC heading towards the end?

The strong rise of Ethereum is bringing a disruptive impact to the encryption VC (venture capital institutions), and some even assert that the "death of encryption VC" is on the countdown.
In the development process of the encryption field, many crypto VCs have successfully obtained institutional capital injection simply by being in the "right place" at the "right time." However, most of them lack true vision and creativity, losing direction on their development path.
In the new cryptocurrency ecosystem dominated by Ethereum, maintaining a high degree of alignment with user needs is the only way for industry participants to achieve long-term development. Those cryptocurrency VCs that fail to grasp trends and transform in a timely manner are facing the crisis of being eliminated by the market. In the future, 99% of cryptocurrency VCs may soon disappear in the tides of the times.