The Crawley investment is also an act of reputational cleansing. The great crypto crash of 2022 was partly a failure of ambition, as companies that had overextended themselves, convinced that the good times would keep rolling, suddenly lost it all. Crawley’s new owners crave respectability. They want to show that the nouveau-riche blockchain elite can be good stewards of a community institution. But like the rest of the industry, they’ve seen their extravagant ambitions collide with reality.At the start of Crawley’s season, American crypto enthusiasts gathered at early-morning screenings in New York and California to w …
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