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[pdf-embedder url=”http://cdn.delphidigital.io/uploads/2020/07/Macro-Bitcoin-Dominates-As-Digital-Gold-Narrative-Strengthens...-7-22-2019.pdf” title=”Macro – Bitcoin Dominates As Digital Gold Narrative Strengthens – 7 22 2019″]...
Report
1 Min
Macro & Markets
Jul 2019
🔍 Bitcoin: More Than Just Digital Gold?...The buzz around Bitcoin being used as something other than digital gold has led to other players exploring...Combined, these projects represent a new path forward for Bitcoin: one where it is more than just digital...gold...
Report
7 Min
Layer 1 / L1
Mar 2023
Macro & Markets
Oct 2019
[pdf-embedder url=”http://cdn.delphidigital.io/uploads/2020/07/Macro-_Option-on-Digital-Gold_-Proving-It-Can-Walk-the-Walk...-7-8-2019.pdf” title=”Macro – _Option on Digital Gold_ Proving It Can Walk the Walk – 7 8 2019″]...
Report
1 Min
Macro & Markets
Jul 2019
DeFi
Mar 2019
DeFi
Feb 2020
DeFi
Jan 2020
...the macro backdrop is for bitcoin at length in our work, but what about the rest of the crypto and digital...Where does that fit in a sector often drowned out by sound money narratives and digital gold comparisons...Digitization
The first is arguably the most obvious; more and more economic activity is taking place...digitally.
Report
6 Min
DeFi
Aug 2020
Layer 1 / L1
Apr 2020
The Role of NFTs in Shaping Digital Identity
The concept of digital identity plays a heavy role in Reddit...application of NFTs, not merely as financial assets but as distinctive tokens of identity within a digital...Thus, Reddit’s introduction of NFT avatars signifies a profound evolution of digital identity, taking...
Report
12 Min
NFTs
May 2023
Moreover, photography has always adapted to new technologies, from film to digital images....This differs from the typical 10,000 PFP collections, which function more like digital collectibles and...The platform consists of Quantum Lens (NFT photographs) and Quantum Canvas (digital art).
Report
24 Min
NFTs
Apr 2023
Introduction
Over the years, secondary markets for digital assets have undergone significant structural...The digital asset secondary market is increasingly resembling the robust secondary markets in traditional...Theme #1 – Digital Asset Secondary Market Continues To Mature
Digital asset markets have evolved markedly...
Report
14 Min
Financial Market Themes
Aug 2025
We believe that the Yield Guild vision of becoming the largest virtual world economy ever observed is not only attainable, but that there is an opportunity to improve tens of thousands of lives along...
Report
3 Min
NFTs & Gaming
Mar 2021
In this report, we demystify the world of Lunacia and analyze potential opportunities in the Land market....
Report
8 Min
Games
Jul 2021
...the foundation for this new landscape and what it could mean for the future of automated commerce and digital...as a coordination layer that equips agents with the tools needed to reliably collaborate in complex digital...As specialized, autonomous agents become more capable and central to digital labor, the need for a universal...
Report
16 Min
AI
Oct 2025
Infrastructure
Feb 2020
...pricing data as of 5/14/25 close; all dollar references herein refer to USD
Executive Summary
Galaxy Digital...(“Galaxy” or the “Company”) is a digital asset and AI infrastructure focused holding company....The digital asset oriented operating businesses include:
Financial services: Traditional investment...
Report
32 Min
Macro & Markets
Jun 2025
An opportunity to spend a lot of money on digital battle pets....we came across during our research was Axie Infinity, a game that lets you collect, battle and breed digital...
Report
15 Min
Games
Oct 2020
BTC and Gold’s Relationship
Back in 2019, BTC’s correlation to gold propelled the narrative that BTC...If BTC isn’t considered an inflation hedge — as gold is — by investors, then rising inflation could negatively...
Report
3 Min
Infrastructure
Jun 2021
This chartbook examines many of the key macro & market themes that has taken place so far throughout the year. We examine the short term outlook for risk, marry it to our longer term secular marke...
Report
Macro & Markets
Sep 2025


















