In a world without venture capital, it is likely that the development and growth of the cryptocurrency industry would be significantly different. Venture capital firms play a crucial role in providing funding for early-stage startups, allowing them to develop their technologies and bring their products to market. Without this funding, many cryptocurrency startups may struggle to get off the ground, limiting the growth and innovation in the industry.

Without venture capital, it is possible that the pace of development in the cryptocurrency industry would be slower, as startups would have to find alternative sources of funding. This could include things like crowdfunding campaigns or relying on the support of a dedicated community of users. It is also possible that the industry would become more centralized, with a smaller number of larger companies dominating the market, rather than the diverse ecosystem of startups that currently exists.

Overall, the absence of venture capital would likely have a significant impact on the cryptocurrency industry, potentially limiting its growth and innovation.