1confirmation: DeFi and NFT will make a comeback, application chains and L2, L3 will demonstrate their true value
Cryptocurrency investment firm 1confirmation announced its Q2 2024 LP letter on social media, in which founder Nick Tomaino stated that he expects DeFi and NFTs to be stronger than ever before. SocialFi and other unimaginable new use cases today will emerge through application chains, L2, and L3. Non-custodial products will continue to grow, allowing users to trade, borrow, lend, mint and earn without trusting a third party. Application chains like Base and other L2s as well as application-specific L3s will bring scalability and improved UX to cryptocurrencies, ultimately making the pie bigger. Tribalism in Layer 1 (L1) will disappear; great developers will build where they can capture the most value and have the greatest control.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: BlackRock has bought $500 million worth of ETH this week
SOLV is suspected to have secured a spot in the Hyperliquid spot coin auction