Where The Top VC Funds Are Investing In Crypto/Web3

I dug through the portfolios of 5 venture funds investing in crypto/blockchain: a16z, Coinbase Ventures, Pantera Capital, Paradigm Capital, & Sequoia Capital.

Broken out by section below, the goal was to understand:

  1. What categories are the top funds investing in? (5 min read)
  2. What is the most interesting place to invest? (1 min read)

1) Top Investment Categories by Fund