BlockBeats news, on August 24th, Cryptocurrency investment institution 1confirmation released its Q2 2024 LP letter on social media. Founder Nick Tomaino stated in the letter that he expects Decentralized Finance and Non-fungible Tokens to grow stronger than ever before, while SocialFi and other unimaginable new use cases will emerge through application chains, L2, and L3. Ungoverned products will continue to rise, enabling users to trade, borrow, lend, mint, and earn without trusting third parties. Application chains, Base, and other L2 and application chain-specific L3 will bring scalability and improved UX to Cryptocurrency, ultimately expanding the cake. L1 tribalism will disappear, and great developers will build where they can capture the most value and have the most control.
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