Blockchain Applications Face Narrowing Investment Scope, Expert Says

On February 23, NYDIG's research director Greg Cipolaro highlighted a shift in the investment landscape within the cryptocurrency sector. According to BlockBeats, Cipolaro's report indicates that the focus is increasingly on applications and services that extend traditional financial products onto blockchain infrastructure. Cipolaro noted that aside from Bitcoin, tokenized assets, stablecoins, certain decentralized finance infrastructure, and a few general-purpose blockchains like Ethereum, the likelihood of large-scale blockchain applications emerging appears lower than previously anticipated.