{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreih7ie5ypce3mutsv7xbsa6doqqkbb6tavmkmcgtzvxlrtnu7fxdq4",
    "uri": "at://did:plc:3jg5ch2x6onc5mwonrp5wps6/app.bsky.feed.post/3mf7m7qa4n322"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreifajqf3t6ndso6woc3u4suqtpo5tfeadekaq4bpazmmuipexl6r6i"
    },
    "mimeType": "image/jpeg",
    "size": 552709
  },
  "path": "/crypto-vc-funding-surging-again-sounds-like-a-rally-until-you-trace-where-the-money-actually-lands/",
  "publishedAt": "2026-02-19T12:30:59.000Z",
  "site": "https://cryptoslate.com",
  "tags": [
    "Featured",
    "Investments",
    "Tokenization",
    "Crypto VC funding surging again sounds like a rally, until you trace where the money actually lands",
    "CryptoSlate"
  ],
  "textContent": "Dragonfly Capital closed its fourth fund at $650 million this week, the same size as its 2022 vehicle, raised into a venture market Fortune calls a “mass extinction event.” The headline reads like a vote of confidence: institutional capital returning, crypto winter thawing, alt season loading. But peel back one layer and the picture warps. […]\n\nThe post Crypto VC funding surging again sounds like a rally, until you trace where the money actually lands appeared first on CryptoSlate.",
  "title": "Crypto VC funding surging again sounds like a rally, until you trace where the money actually lands"
}