Arthur Cheong, CEO of DeFiance Capital believes one sector in crypto meets the market’s needs better than any other.
Cheong, in a recent interview with Alex Thorn of crypto-financial services company Galaxy Digital, says decentralized finance continues to be the sector that has “the best product-market match.”
Over the last few years there has been a great deal of disappointment because a number of the hacks, business metrics and usage were not sustainable after the incentive ran out. We’ve also seen that some protocols are able to keep the usage, momentum, even when the incentive has ended, and recover more than the all-time highest.
We started out as a DeFi fund and, when DeFi became overvalued, we immediately reduced our exposure.
After four years, we began to expand to other industries. After four years of DeFi Summer, we are beginning to believe that DeFi has become very attractive and interesting to invest in again. The space has matured. Everybody knows the things that don’t work. What works is fantastic.”
DeFi, he believes, is also at a point where development and innovation can make significant progress in space.
We are now at the stage where we can scale up and mature, as every new product and technology must do. We didn’t yet know which things worked or didn’t.
“We’re excited to see DeFi reach the next stage of its growth.”
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Sources of Images include Pixabay Creative Commons & Midjourney
The ICD published the following article: According to Arthur Cheong, the investor who owns The ICD, Here is the crypto sector with the biggest product-market fit.
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