Digital investment giant Grayscale launched five new digital currency trusts including Basic Attention Token(BAT), Chainlink(LINK), Decentraland(MANA), Filecoin(FIL), Livepeer(LPT).
Grayscale Chief Executive Officer Michael Sonnenshein said that “At any one time, we’re probably maintaining a list of what could be 30 products, could be 40 products that we’re interested in bringing to market, We’re trying to always reconcile where we may find compelling opportunities in the digital assets ecosystem and trying to reconcile where investors are interested in deploying capital.”
With Bitcoin’s price hitting new highs, an increasing number of investors may be hesitant to jump in, fearing they’d be getting in at the top of the market. Other coins Grayscale selected has much smaller market values. Some investors see them as a more attractive entry point right now.
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BAT tracks users’ time and attention on digital properties, as a way to determine how to distribute advertising money. Chainlink – whose token is also Ethereum based – has a technology that essentially delivers price feeds into various decentralized finance apps.
Meanwhile, Filecoin is a data storage protocol in which users pay to store their files. Livepeer is a decentralized content delivery network. Lastly, the Decentraland Trust will hold MANA tokens. Users can buy virtual plots of land in Decentraland using MANA tokens. The announcement sparked the price rallies for all the projects involved
