Evan Cheng, CEO of Mysten Labs, one of the inventors of the SUI project, predicts that investment capital will revive as faith in the crypto bull fades. But this time, he expects a more measured approach, characterized by strategic deployments and increased prudence.

Mysten Labs CEO Expects Strategic Capital Inflow into Crypto Despite Market Slowdown

Cheng said in an interview:

"Investors are looking. The BlackRocks of the world are obviously not stupid. They know there's an opportunity here."

they are aware. In the Gulf region, UAE,

I'm talking to people in Qatar...

There is great interest. They really want to prevent this. The same thing is true in Asia, in the APAC region. So the money will come, but they will be much more strategic about it." Cheng, who completed a $ 300 million round with the participation of Andreessen Horowitz's a16z crypto unit in 2022, is very experienced in communicating with investors interested in Web3. Earlier this year, 100 He reportedly bid for a Web3 fund worth over a million dollars.

Cheng finds the growing interest in crypto and blockchain from traditional financial institutions encouraging. He predicts that a more mature and merit-oriented environment will emerge in the sector.

“Our expectation is that once we are past this extremely bearish, uncertain market, winners will emerge and they will be those rewarded with merit. I'm not saying there won't be speculative activities, but it will be based on merit.$BTC $ETH $BNB #boğa