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The market in digital assets continues to evolve. The emergence of the Bitcoin protocol in 20091 inaugurated and gave rise to the market in digital assets. 2 Its rapid proliferation in 2016-18 was followed by significant downward corrections, called the" crypto winter" of 2018-19. The continuing creation of digital assets and the funding for the creation of digital assets is subject to ongoing market changes and changes in investor priorities.

Digital assets can be narrowly defined and broadly defined. Narrowly construed, digital assets are instantiated through computer code and depend on so-called consensus computer algorithms to trigger and validate a transaction in a given digital asset. Broadly construed, digital assets can include virtual assets such as video games in the broadest