In this venture-focused segment of The Scoop, veteran crypto VCs Meltem Demirors and Vanessa Grellet unpack the trends shaping crypto's venture landscape in 2023.According to Demirors, crypto companies must follow the flow of funds:"The name of the game is 'interchange,'" Demirors said. "The closer you migrate to where the actual interchange happens, the more likely you are to earn consistent revenues, which then results in you being able to raise capital."Although crypto venture funding hit a two-year low last quarter amidst the chaos caused by FTX's collapse, Grellet is seeing "a lot of excitement in the early stage," with infrastructure and scaling plays among the most popular with investors. This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.NetworkAbout NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop