Entropy, a crypto infrastructure startup backed by a16z and other major VCs, is shutting down after four years and multiple pivots, with founder Tux Pacific saying the team couldn’t land a venture-scale business model and will return remaining capital to investors. Originally focused on decentralized custody, the project later tried building a crypto automation platform with AI features, but market feedback showed limited traction. This marks another sign of tightening in crypto venture funding and product-market fit challenges in infrastructure niches. (Source: Coin.telegraph.com)

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