Web3 investment fund ABCDE, with $400 million in capital, has ceased new investments and fundraising efforts. Co-founder Du Jun announced the decision on April 19, emphasizing the fund's commitment to post-investment support for current projects. The suspension of new investments is not due to financial issues but stems from concerns about the crypto industry's current trajectory. Jun criticized the short-sighted nature of many projects that prioritize immediate listings over sustainable growth. ABCDE's last investment occurred in January 2025, with the fund having allocated significant portions to Bitcoin scaling technology and Ethereum finance. The fund plans to focus on strategic investments and deep incubation for long-term value creation. This announcement comes shortly after Jun introduced a new incubator brand, Vernal, which aims to explore collaborative tokenomics, as highlighted by Cardano founder Charles Hoskinson. The suspension illustrates a critical assessment of the market dynamics and the need for more cooperative and value-driven approaches in the crypto space.

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