Crypto Biz: Smart Money is betting big on Web3, layer 2, May 19-25 By Cointelegraph

Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a state of extreme fear, smart money investors — TradFi folks who invest with expert knowledge — continue to pour countless sums into the space.

This week’s Crypto Biz newsletter gives you the latest funding stories from the world of blockchain and explores interesting developments surrounding Google (NASDAQ:) and Sam Bankman-Fried.

Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil

StarkWare nets $100M as investors bank on layer-2 success

Google seeks fresh talent to lead global Web3 team

Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback

Before you go! When will stocks recover?