Are VC firms launching crypto Unicorns in 2021?

In the rapidly evolving landscape of cryptocurrency and finance, a pertinent question arises: Are Venture Capital (VC) firms indeed launching crypto Unicorns in 2021? A crypto Unicorn, by definition, is a startup that achieves a valuation of over $1 billion in the cryptocurrency space. As investors increasingly recognize the potential of blockchain technology and digital assets, the role of VC firms in funding and fostering these disruptive ventures becomes pivotal. However, with the market being as volatile as it is, one wonders if the current environment is conducive for VC firms to identify and nurture crypto Unicorns. Are these firms allocating sufficient resources to this emerging segment? Or are they simply following the hype, with little substance to back their investments? The answers to these questions could provide crucial insights into the future of the cryptocurrency and finance landscape.