Product Split

Definition ∞ A product split refers to the strategic decision by a project or company to divide an existing digital asset or service into two or more distinct offerings. This often occurs to cater to different user segments, address specific market demands, or enhance the functionality of each component. It allows for specialized development and positioning.
Context ∞ Crypto news may report on product splits when a blockchain project decides to separate its core protocol from a specific application, or when a token undergoes a redenomination. These events are often driven by governance decisions, technical upgrades, or a desire to optimize utility for various user groups. A well-executed product split can lead to increased adoption and clearer market positioning.