Consumer crypto is experiencing notable growth, particularly in applications and casino gaming, as highlighted by Tom Schmidt from Dragonfly. He points out that there is a significant shift in venture capital focus from infrastructure to applications, which monetize better and often develop their own infrastructure. An example cited is Hyperliquid, which evolved from a single application to establishing a larger platform. This reflects a trend among builders striving to create more value within their applications, aligning with a modern venture capital model where initial products can transform into platforms, provided they demonstrate substantial additional value creation.

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