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 than investing in infrastructure. 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, focusing on developing and enhancing products rather than solely concentrating on the underlying infrastructure..