Grayscale Plans to Add 35 New Crypto Assets, Including Dogecoin and Worldcoin

Grayscale's Latest Altcoin Expansion: A Comprehensive Overview

In a significant update for cryptocurrency enthusiasts and investors, Grayscale, a prominent crypto asset manager, has announced the consideration of 35 new altcoins for its investment products. This update, revealed in an blog post on October 10, categorizes these tokens into five primary groups: currencies, smart contract platforms, financials, culture, and utilities.

Focus on Smart Contract Platforms

Among the new altcoins under consideration, a substantial portion includes tokens from smart contract platforms. Grayscale is exploring a range of networks, particularly alternative Layer 1 blockchains. Some notable mentions are:

• Aptos (APT)
• Sei (SEI)
• Celestia (TIA) - a data availability network
• Mantle (MNT) - an Ethereum scaling solution
• Arbitrum (ARB)
• Cosmos (ATOM)
• Polygon (MATIC)
• Toncoin (TON)
• Tron (TRX)

In total, Grayscale has identified 16 smart contract platforms as potential candidates for future fund investments.

Evaluating Solana-Based Projects

Furthermore, Grayscale is assessing three projects that are built on the Solana network, which includes:

• Jupiter (JUP) - a decentralized exchange
• Pyth (PYTH) - a blockchain oracle
• Helium (HNT) - a decentralized infrastructure network

Consumer and Cultural Investments

Under the “consumer and culture” segment, popular memecoin Dogecoin (DOGE) is being evaluated alongside:

• Immutable (IMX) - a crypto gaming network
• Existing Grayscale products like Basic Attention Token (BAT) and Decentraland (MANA)

Grayscale's Current Investment Portfolio

At present, Grayscale manages 30 distinct investment products, which include:

• 25 single and diversified investment trusts for various cryptocurrencies
• 4 exchange-traded funds (ETFs)
• 1 dynamic income fund

This new list of prospective assets comes in the wake of a recent expansion, which included the launch of:

• A new Aave investment fund on October 3
• An XRP Trust initiated on September 12
• An Avalanche fund launched on August 22

Conclusion

This proactive approach by Grayscale not only highlights the evolving landscape of the cryptocurrency market but also signifies growing interest in a wider array of altcoin investments. Investors should stay informed as Grayscale continues to adapt its strategies in the face of an ever-changing market.