According to BlockBeats, on December 2, Zhu Su, co-founder of Three Arrows Capital, shared insights on social media regarding the evolving dynamics within the cryptocurrency industry. Zhu Su highlighted a significant shift from infrastructure-led initiatives to a focus on product development. This transition marks a departure from the traditional emphasis on building foundational infrastructure to a more product-centric approach.
Zhu Su noted that investing in products carries higher risks compared to infrastructure investments. However, he pointed out that this aligns more closely with the risk models familiar to Web2 investors. The shift reflects a return to a more conventional investment strategy, where the focus is on developing and enhancing products rather than solely concentrating on the underlying infrastructure.
This change in focus suggests that the cryptocurrency industry is adapting to meet the expectations and investment patterns of those accustomed to the Web2 environment. By prioritizing product development, the industry aims to attract a broader range of investors who are more comfortable with the risks associated with product investments. This evolution in strategy indicates a maturing market that is increasingly aligning with established investment practices.