BlockBeats News, February 23 — According to Cointelegraph, NYDIG Research Director Greg Cipolaro stated in a report that the “investable scope” in the crypto space is narrowing, mainly focusing on applications or services that “expand traditional financial products onto blockchain infrastructure.”
He added that, aside from use cases such as Bitcoin, tokenized assets, stablecoins, some decentralized finance infrastructure, and a few general-purpose blockchains like Ethereum, “the likelihood of large-scale blockchain applications emerging seems lower than previously expected.”
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