Kavita Gupta, founder of a blockchain venture fund, wrote an op-ed expressing concerns about the sustainability of the current crypto market. She believes that the market is driven by an "artificial boom" fueled by venture capital spending rather than genuine user interest. Gupta observed excessive spending by crypto projects on lavish parties and marketing events at a recent conference. She argues that the current cycle is primarily propped up by VC money and warns about the impact on token valuations. Gupta is concerned that VCs are investing heavily in projects that have yet to prove their value or utility. She emphasizes the importance of building a sustainable product and community rather than prioritizing hype and parties.



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