Cryptocurrency is often used to refer to all 10,000+ digital tokens issued on blockchain networks. While yes, the asset class originated from creating a digital, decentralized, and non-sovereign form of currency, it has evolved, with many now focused on distributed computing platforms, blockchain networks, and decentralized applications that have little to do with a currency. Calling every token a cryptocurrency is a misnomer. We support a rebrand of sorts to “digital assets” to prevent the common confusion that every token is a currency seeking to displace the dollar. In this report, we will clear up the confusion by providing a sector taxonomy, explaining the simplified business models of different types of crypto networks, and offering a glimpse into what the future might hold.
Read the rest of this article on CAIA’s Portfolio for the Future blog using the link below.
Prototype to Profitability: How Digital Assets Capture Value | Portfolio for the Future | CAIA
