Markets in Focus
Over the past few years, we have seen Cryptocurrency, blockchain technology and Decentralized Finance (DeFi) develop from a niche corner of the internet into mainstream technology. Within the realm of blockchain, DeFi, Non-fungible tokens (NFTs) and Cryptocurrency mining, we classify these assets as “digital risks,” and will be referred to as such collectively throughout. In 2021, digital risks grew in valuation at an exponential pace, as NFTs, the Metaverse and staking all added more intrigue and ways for a wide array of participants to engage in this rapidly burgeoning industry. With governments, corporations, investors and retail all looking to capitalize on this new form of commerce, the industry continues to experience growth and new entrants continue to pour into the space.