Digital Asset Ecosystem - Valkyrie
 

Have you been reading about crypto and are interested in getting involved, but are overwhelmed by the amount of projects available? If you answered yes, then this episode is for you.

Valkyrie’s VP and Trader Sean Rooney compares traditional finance to the crypto space, using a visual that breaks down the digital asset ecosystem.

The visual is as follows:

  • Land- Digital Property that is a store of value. Example: Bitcoin
  • Currency used to transact for/ on the land- Digital currencies. Examples: bitcoin, tether, USDC, etc.
  • The building/ platform for people to work from- Digital Platforms. They are blockchains that serve as a host for creating applications. Examples: Ethereum, Polkadot, Algorand, etc.
  • Companies that go to work in the building- Digital/decentralized applications. They benefit from the overall security of the platform without having to build their own infrastructure from scratch. Examples: uniswap, NFTs

The Lightbulb Series covers crypto topics in 5 minutes or less. If you have a question you want covered, reach out to us on social media or via email at lightbulb@valkyrieinvest.com

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.