Crypto VCs Cast Doubt as AI-Crypto Fusion Faces Scepticism at Emergence Conference

Rob Hadick from Dragonfly and David Pakman from CoinFund expressed skepticism about crypto projects competing with major AI players like OpenAI, Meta, and Microsoft.
The panelists agreed decentralised AI systems lack practicality and scalability in the near term, with limited potential to challenge centralised giants during this market cycle.
Speaking at The Block’s Emergence conference in Prague, Rob Hadick, general partner at the crypto-focused VC Dragonfly, is not convinced that crypto projects can outpower major AI players such as OpenAI, Meta, and Microsoft, let alone achieve synergy between the two fields.

Hadick essentially said that what RWAs, DePIN, GameFi, AI crypto, and other niches essentially do is try to rebuild the wheel to only end up sabotaging themselves.