Lighter’s $68M Funding Highlights Shift from AI to Crypto
- Vladimir Novakovski’s blockchain startup, Lighter, has raised $68 million in new funding.
- The funding round was led by Peter Thiel’s Founders Fund and Ribbit Capital.
- This marks a significant pivot back to crypto from artificial intelligence (AI) in Silicon Valley.
Lighter’s successful $68 million fundraising underscores a notable trend of returning interest in the crypto sector, particularly within the decentralized finance space. This move is supported by high-profile investors like Peter Thiel’s Founders Fund and Ribbit Capital, indicating strong confidence in the potential of blockchain technology over AI innovations.
The substantial investment into Lighter highlights a strategic shift as investors increasingly focus on the growth opportunities within DeFi. The backing from top-tier venture capitalists suggests a robust belief in blockchain’s future impact on financial systems. (Source)
