Venture capital has always had an issue with due diligence, an executive tells Cointelegraph, but crypto offers a solution: A public and immutable ledger.
Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to"trust the chain," a crypto-focused venture fund executive argues.
"There will be a lot of soul-searching," he said. According to Lo, due diligence has always been a problem in the venture space, even outside of crypto. However, Lo argues that the crypto industry provides the world with a step toward a solution, a public and immutable ledger, arguing: "We're going to see better tools to distill and track on-chain data, in fact, we may even see entire on-chain businesses wrapped into NFTs and sold, optimizing arduous M&A processes," he added.
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