CandleFocus

Why Framework Venture is focused on energy DePINs

Venture capital firm Framework Ventures has been focusing on the energy sector in the crypto industry, betting on disruption in the space. Co-founder Michael Anderson believes that energy is a non-consensus narrative in crypto and could be a perfect match for decentralized peer-to-peer energy networks (DePIN), which have had boom and bust cycles in the past. Framework has recently backed energy-focused startups such as Glow and Daylight, which aim to greenify energy grids and decentralize green energy via crypto rewards. Anderson sees energy as a liquid and highly demanded ecosystem that is well-suited for DePIN and expects to see a more pronounced transition in the sector in the coming year.

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