NYDIG Head of Research: The "Investable Universe" in Crypto Is Shrinking

BlockBeats News, on February 23, according to Cointelegraph, NYDIG Head of Research Greg Cipolaro pointed out in a report that the "investable universe" in the crypto space is narrowing, mainly focusing on applications or services that "extend traditional financial products onto blockchain infrastructure."

He added that apart from use cases such as bitcoin, tokenized assets, stablecoins, some decentralized finance infrastructure, and a few general-purpose blockchains (such as Ethereum), "the probability of large-scale blockchain applications emerging seems lower than previously expected."