According to Bloomberg, Reforge, a new venture fund founded by Alexander Lin and Carl Hua, plans to raise $80 million and has raised 25 million. With Reforge, Lin hopes to find technology that will make blockchain more accessible to founders and developers. "We don't think the current first-layer blockchain landscape can meet the needs of the best consumer founders," he said. In addition, Alexander Lin, co-founder of Reforge Venture Capital Fund, believes that the push by capital allocators to quickly launch tokens for returns is the main reason. He also criticized the overheated investment in crypto and artificial intelligence cross-border startups, and questioned the feasibility of decentralized computing networks to meet the power needs of AI tools. It is reported that Lin and Carl Hua both held senior positions at Shima Capital until January this year to establish Reforge.