According to product updates on the Grayscale website, Grayscale, the largest global crypto asset manager, has evaluated 25 new crypto coins for potential future products and one crypto asset in its DeFi fund. Is being added.
The company is currently considering 25 different coins, including BitTorrent (BTT), Algorithm (ALGO), IOTA (IOTA), Secret (SCRT) and more. These coins have the largest market capitalization and represent many of the top 100 coins traded.
VeChain (VET) is one of the tokens that started on the Ethereum network but eventually became its own native token and blockchain. Used by companies in many industries to track supply chains and manage supply chain movements, Coin Telegraph reports.
IOTA is another popular coin that many are familiar with as the Internet of Things is expanding. The Iota blockchain was founded in 2015 to work within the Internet of Things to help connect devices.
Axie Infinity (AXS) is based on the Axie Infinity gaming framework popular in 2021 and is a native token for Play-to-Earn games. The coin traded on January 26, 2021 for $ 0.97 and had a market capitalization of $ 48 million. It currently has a market capitalization of approximately $ 3.3 billion and is trading at $ 46.79.
In addition, Grayscale has added AMP to it Grayscale DeFi Fund (DEFI) With a 7.7% ownership rate. The fund invests in the assets of the CoinDesk DeFi Index and consists of DeFi-native digital assets, providing exposure to this growing crypto area within security. That is, the investor stores, buys, or stores the digital currency itself.
Amp is commonly described as a digital collateral token. This helps speed up transactions while keeping them secure on the Flexa network. AMP token contracts have an unauthorized pool of collateral. This gives users the flexibility to withdraw or sign a contract without being limited by time or competition. Basically, it creates a secure contract at a fairly cheap price.
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