According to ChainCatcher's "RootData 2025 Web3 Industry Annual Report," the joint investment network among top VCs is becoming increasingly close, with institutions such as a16z, Coinbase Ventures, and Polychain participating in large-scale rounds through deep collaboration.
VC investment has shifted its focus from early-stage speculation to AI, blockchain, DeFi institutional applications, and infrastructure. With improved regulation and the influx of institutional funding, this specialized consortium model is paving the way for a wave of AI-DeFi innovation in the context of Federal Reserve easing in 2026.
