“Grayscale investments periodically updates an “under consideration list” containing digital assets that the company considers as a future potential investments and it recently has updated 25 digital assets from the arena of DeFi and Metaverse. The updated list added Axie Infinity, Yield Guild Games and Algorand recently.”
The Grayscale Investments that manages the DeFI Fund and Grayscale Digital Large Cap Fund releases periodically its “under consideration list” containing digital assets that the company considers as future potential investments. In its updates list Grayscale has listed various high profile protocols from the DeFi and Metaverse sector as both the sectors are becoming mainstream.
The new updated list consists of projects such as Algorand (ALGO), The Sandbox (SAND), Axie infinity (AXS), Convex (CVX), Yield Guild Games (YGG). The company posted and claimed that these are the potential inclusions for the future investment products but the list is not exhaustive and Grayscale might not use every project listed and might add some other project replacing the projects in the list while developing an investment project.
Grayscale is extremely popular with its crypto investment funds with its “Grayscale Bitcoin Trust Fund” being the largest Bitcoin investment fund in the world that manages over $22.4 Billion worth assets and has provided a total return of 22,985% since its inception in 2013.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
Photo by – garalt on Pixabay