This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, given a parade of headlines and news that Fast shut down, Natasha and Alex brought on our new senior TechCrunch+ reporter Jacquelyn Melinek to ask: How is ‘Web3’ blowing up venture’s traditional playbook?The question comes after Jacquelyn and Natasha looked into how crypto companies are altering the investing landscape for even the most disciplined VCs. Use code "EQUITY" for a sweet, sweet discount.Here's an excerpt from that post:The main difference between web3 cap tables and traditional startup cap tables is the structure of a company, because the way a C-corp would provide investors with equity would differ from the way a decentralized organization or DAO would, Celsius CEO Alex Mashinsky said. Today, Celsius owns half of its CEL tokens and only sold investors tokens in its initial coin offering (ICO) in 2017 when the company first launched, he added.“We don’t need to give tokens anymore,” he said. “If you can raise money through equity, you want them as equity investors because they’ll stick with the company for a long time. Sometimes when you give tokens they sell them quickly because it’s like easy money, it’s not like equity.”In today's episode, we walked through fresh PitchBook data on crypto funding, a crash course in web3 vernacular, and what crypto cap tables are the loudest about.Don’t forget that TechCrunch Early Stage is happening this Thursday, so snag some last minute tickets here. Natasha and Alex will be there recording a live episode and hopefully meeting some listeners in real life!