The Funding: Crypto VCs discuss the next phase of DATs amid rising buybacks
In earlier editions, I wrote about why crypto VCsĀ backedĀ digital asset treasury (DAT) firms, how that waveĀ reshapedĀ startup funding, and whether theĀ DAT boom had peaked. At the time, investors warned about compression in net asset value multiples (mNAVs) and expected consolidation, which has alreadyā¦