ABCDE Halts New Investments, Shifts Focus to Long-Term Success in Web3

Web3 investment powerhouse ABCDE has made a strategic decision to halt new funding efforts, marking a significant shift in its $400 million fund. Co-founder Du Jun, who also founded the Huobi exchange, announced this change on April 19th, stating that while it won’t raise capital for a second phase or invest in new projects, ABCDE remains committed to supporting its existing portfolio. This decision reflects ABCDE’s growing disillusionment with the state of early-stage crypto investing and Jun’s belief that many projects are focused on short-term gains rather than long-term value creation.