Mapping out New York’s blockchain ecosystem

Quick TakeNew York City’s crypto/blockchain ecosystem has developed significantly over the past few years, seeing notable growth in DeFi and Gaming/NFT projects and companies.To engage in cryptocurrency activities a business must possess a BitLicense which is issued by the NYSDFS (New York State Department of Financial Services).The block has identified 20 verticals which includes 248 blockchain related companies and protocols.Given the sheer amount of growth and significance of New York’s blockchain ecosystem, The Block has updated our previous ecosystem map which contained 81 companies.